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Eurasian Business Briefing Agribusiness & Food Production

ChemChina gets OK for Syngenta deal

SyngentaChemChina has won EU antitrust approval for its $43bn takeover of Swiss pesticide maker Syngenta, paving the way for China’s largest overseas acquisition to date. The EU’s approval is conditional on ChemChina’s agreeing to (more…)

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Nazarbayeva moves up succession line as Dad moves to quell rural unrest

Dariga NazarbayevaFollowing last week’s removal of Prime Minister Karim Massimov, Kazakhstan’s President Nursultan Nazarbayev yesterday announced that his daughter Dariga Nazarbayeva had moved from the post of Deputy Prime Minister to take up a role as deputy in the Senate. Although (more…)

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Putin extends EU food embargo

EU food import banEU food embargo: Russian President Vladimir Putin has signed a decree banning imports of Western food products until the end of 2017, according to a posting on the Kremlin’s website. The move comes after Prime Minister Dmitry Medvedev proposed (more…)

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Auchan opens first Tajik hypermarket in ‘revolution’ for food security

AuchanFrance’s international retail group Auchan yesterday opened the very first Tajik hypermarket – and the company’s first in Central Asia – in Dushanbe with an inauguration ceremony attended by the country’s President Emomali Rakhmon. The 5,000 m² outlet has been developed with (more…)

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Germany’s DMK gets go ahead to buy into Russian cheese market

DMK cheese manufacturerFAS, Russia’s state-owned anti-monopoly watchdog has given German dairy producer DMK Deutsches Milchkontor the green light to acquire several Russian cheese companies, (more…)

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Alliance-1892 to build first Russian whisky distillery in Kaliningrad

Alliance 1892Wine and cognac producers Alliance-1892 is planning to build the first ever Russian whisky distillery in the exclave of Kaliningrad, its General Director Igor Kudryavtsev said yesterday. The $14.6m distillery will (more…)

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Uzbek food industry gets $596m cash injection

Uzbek farmerUzbek food industry: Uzbekistan is planning to invest $595.9 m in the development of its food industry over the next five years, according to the website of its Ministry for the Economy. The plan provides for the development, redevelopment (more…)

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Changyu winery looks to boost Chinese wine imports through overseas M&A

Rioja Chinese wine imports: China’s Yantai Changyu Pioneer Wine is looking to expand its network of overseas wineries and to drive up imports into its home market over the next five years after last year’s acquisition of a majority stake in a Spanish Rioja producer, a senior executive said this week. The company is (more…)

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Iranian exports to Russia to soar as Tehran bids to take over from Ankara

Iranian business magnate Asadollah AsgaroladiIranian exports to Russia: Iran plans to increase its exports to Russia from $500m to $2bn in the new Iranian fiscal year that starts next week, the business magnate and member of the Iran-Russia Joint Chamber of Commerce Asadollah Asgarolad said yesterday. A large proportion of the increase in trade would probably be (more…)

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Tajikistan becomes latest customer for Iranian gas oil

Tractors in TajikistanIranian gas oil: Iran has begun exporting gas oil export to Tajikistan for the first time, making the Central Asian country its third international customer alongside Iraq and Afghanistan. (more…)

Times of Central Asia Read More»

ChemChina bids record $43bn for Swiss agribusiness giant Syngenta

SyngentaChina’s chemicals group ChemChina has offered more than $43bn to take over Swiss agribusiness giant Syngenta. The Swiss company said it was ‘unanimously recommending the offer to shareholders’ and that the deal would help it further expand in China.
“The transaction (more…)

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Cost of Russian embargo on Turkish imports likely to top $11bn this year

Turkish fruit on sale in RusiaThe cost of the Russian embargo on Turkish imports following the shooting down of a jet last year is likely to top $11bn this year alone, according to a new report compiled by the Turkish Social, Economic and Political Research Foundation (TÜSES).
With around (more…)

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$1.73bn investment powers Chinese export surge for Kazakh agribusiness

Kazakh agribusinessCompanies in the Kazakh agribusiness sector are gearing up to increase exports of lamb, beef and honey to China, the Vice Minister of Agriculture of the Republic Gulmira Isayeva said this week. “China [either] implemented or is beginning to implement …..19 projects in the agricultural sector with a total investment of $1.735bn,” she said. “We are in negotiations (more…)

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Turkey consumption rockets while overall Russian meat sales dive

Russian turkey butcherRussians are turning to turkey as a cheap alternative to other forms of meat, with year-on-year turkey production up 34.9 % last year, according to figures released by the Ministry of Agriculture this week. The Perekrestok retail chain reported turkey sales up by 20% over the same period, while overall consumption of meat dropped by 3% .

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Russia looks to set up ‘green corridor’ for Iranian agribusiness

Iranian food marketMoscow has given the go-ahead to four Iranian agribusiness exporters to start supplying Russia with milk dairy products and is ready to set up a ‘green corridor’ for agricultural supplies from Iran, its Minister of Agriculture Alexander Tkachev said yesterday. “We need (more…)

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Kazakh agribusiness turns to China for sales and financing

KazExportAstykKazakh agribusiness: In an effort to find new export markets for its agricultural and food products Kazakhstan is ready to turn to China for both financing and sales, its First Deputy Prime Minister Bakytzhan Sagintayev announced last week. He also raised the possibility (more…)

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Russia aiming to double Pacific Rim agricultural exports by 2020

Grain harvesting in Krasnoyarsk

Grain harvesting in Krasnoyarsk

Alexandr Kryazhev/RIA Novosti

Pacific Rim agricultural exports: Despite experiencing growing food shortages and price inflation at home due to the embargoes it has imposed on EU and now Ukrainian imports, the Russian government is aiming to double grain supplies to the Pacific Rim, Prime Minister Dmitry Medvedev told the APEC-2015 Summit in Manila last month, as Moscow (more…)

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Russia to go ahead with Ukraine food embargo after tripartite talks fail

Russian Prime Minister Dmitry MedvedevUkraine food embargo: Russian Prime Minister Dmitry Medvedev yesterday gave the go-ahead for an embargo on Ukrainian food and other trade sanctions to be imposed from the beginning of next month after efforts by Brussels to head off Russian retaliation against the forthcoming introduction of the Free Trade Agreement between the EU and Ukraine broke down. The collapse of Monday’s tripartite mediation talks coincided (more…)

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New Delhi prepares to dump Indian sugar mountain onto world markets

Indian sugarIndian sugar mountain: India is planning to dump a mountain of sugar onto the world commodity markets in a move that could severely affect a market that is already struggling with a glut.
Five years of bumper crops have led to a giant sugar stockpile in India, with the country’s sugar refineries (more…)

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Sino-Russian trade on track to hit $200bn by 2020, insists Medvedev

Russian Prime Minister Dmitry MedvedevA growth in demand for agricultural products and a number of major infrastructure projects will help pump Sino-Russian trade to $200bn within five years despite the two countries’ current economic troubles, Russia’s Prime Minister Dmitry Medvedev said yesterday as he prepared for a visit to China.
“The situation (more…)
ITAR-TASS Read More»