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Eurasian Business Briefingagriculture & agricultural machinery

Moscow and Ankara bury their differences to set up $1bn Russian Turkish investment fund

Russian Economy MIinsiter Ulyukaev and Turkey's EM Zeybeci Istanbul 09/10/16Russian Turkish investment fund: With Russian President Putin due to meet with his Turkish counterpart Recep Erodgan at the World Energy Congress in Istanbul today,  Moscow and Ankara took another significant step towards (more…)
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US authorities close to approving $43bn Syngenta acquisition

SyngentaSyngenta acquisition: The Committee on Foreign Investment in the United States (CFIUS) is close to giving ChemChina the all-clear for its planned $43bn acquisition of Syngenta, it emerged over the weekend, with (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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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…)

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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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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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Russian sanctions could cost Turkey $9bn, says deputy PM

Turkey's Deputy PM Mehmed SimsekRussian sanctions could cost the Turkish economy as much as $9bn, the country’s deputy prime minister Mehmed Simsek has told the Turkish television channel NTV, adding that (more…)

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China to invest $1.7bn in East Kazakhstan farming

cows in siberiaA delegation of Kazakh businessmen and women led by East Kazakhstan’s Governor Danial Akhmetove last week signed seven business agreements worth $1.7bn with their Chinese counterparts during a visit to Xinjiang. The principle focus of the deals is agricultural and include the develop a livestock cluster in the region and crop processing facilities. Among the companies involved are Eurasia Agro, Reef Investment, EMA and Vostok Agro Holding. Trade turnover between East Kazakhstan and Xinjiang currently stands at more than $590m. 
Akhmetov also invited Chinese investors to participate in the construction of the $1.4bn railway from Kapchagai to China.

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Russia slaps food embargo on Ukraine for FTA with EU

Butcher's shop RussiaThe Russian government has decided to impose a food embargo on Ukraine following Kiev’s decision to join in the sanctions against Russia by entering into a Free Trade (FTA) agreement with the EU, (more…)

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Vietnamese dairy producer to build $2.7bn complex in Moscow

Cow vietnamVietnamese dairy producer TH Food Chain has announced that it is to build a $2.7bn complex outside Moscow, with the first $500m phase entailing the construction of cow-breeding and dairy-processing facilities. Work (more…)

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Farmers plan EU demo as Russian food ban costs put at €5.5bn

Farmers demonstrating in Brussels in 2012

Farmers demonstrating in Brussels in 2012

With the cost of the Russian food ban being estimated at around €5.5bnEuropean farmers have announced that they are organising a demonstration in Brussels for September 7. While the demonstration (more…)

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Sberbank lends Cherkizovo $250m to boost pork production

Pork Processing factory The Russian meat producing Cherkizovo Group has received a $250 million loan from the state-run Sberbank to build a string of facilities that will increase its pork production capacity by 70%, the bank confirmed yesterday.
The investment marks Cherkizovo’s latest move (more…)

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Trans-Baikal signs 49-year agricultural land lease deal with Chinese investors

Trans Baikal

Trans Baikal

ITAR-TASS/Vladimir Smirnov

Authorities in Russia’s Trans-Baikal region in eastern Siberia have granted China’s Zoje Resources Investment and its Huae Sinban subsidiary a 49-year land lease for the development of modern agriculture and livestock industries on 115,000 hectares of its uncultivated land. In return, (more…)

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Russia turns back Central Asian fruit imports at border

Fruit pickers Kyrgyzstan

Fruit pickers Kyrgyzstan

Helvetus

Central Asian fruit imports: Russia’s watchdog Rosselhoznadzor turned backed 11 trucks carrying 205 tons of fresh fruit and vegetables from Kazakhstan, Uzbekistan and Kyrgyzstan at its borders last week, it has emerged. The goods were rejected due to lack of documentation.

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Agriculture Ministry considers free leases for investors in Russian farmland

Vacant Siberian farmland

Vacant Siberian farmland

The Siberian Times

With around 28% – about 56m ha – of Russian farmland not being used for its intended purpose, Russia’s Agriculture Ministry is considering handing out free five-year leases of state-owned land out to agricultural investors, according to unnamed sources quoted in Vedomosti last week. The Ministry has also suggested compensating investors for the cost of its development. 21.6m ha or nearly half of the vacant farmland is in Siberia, according to the Ministry’s own database. 

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China agrees to underwrite $2bn agricultural investment fund with Russia

Russian Direct Investment Fund CEO Kirill Dmitriev

Russian Direct Investment Fund CEO Kirill Dmitriev

World Tribune

$2bn Agricultural investment fund: Russia and China have agreed to set up a $2bn investment fund specialising in agricultural projects, with Russia as the minority shareholder, Russian Direct Investment Fund’s (RFPI) chief Kirill Dmitriev said today. “Basically it will be funded by Chinese institutional investors, especially (more…)

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Moscow considers relaxing ban on Greek, Hungarian and Cypriot food imports

EU food import banFood imports: Following a visit to 37 agribusinesses in Greece, Cyprus and Hungary by a team of health inspectors from Russia’s food watchdog Rosselkhoznadzor over recent weeks, Moscow has indicated (more…)

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Nazarbayev turns attention to Kazakh land privatisation programme

Kazakh farmerKazakh land privatisation was “a very acute and important” issue, President Nursultan Nazarbayev yesterday told the parliament in Astana yesterday. “We need to start the privatization of agricultural land,” he said, “….. [but] only those (more…)

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