Agrarian news
09.02.2010
$100m class action launched against AWB
A CLASS action against agribusiness company AWB Ltd involving more than 1000 shareholders seeking compensation for its failure to disclose Iraqi kickbacks begins in the Federal Court on Wednesday.
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China Oct-Jan sugar output rises to 6.12 mln tons
China produced 6.12 million metric tons of sugar in the crop year to January 31.
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Sunflower oil export regulations may change
According to the Ministry of Economy, sunflower oil exports from Ukraine exceed acceptable levels. The Ministry estimates, that monthly sunoil export should not exceed 159 KMT. At present, monthly exports average 200 KMT. The Ministry of Economy intends to set export quotas to prevent domestic sunflower oil shortages and limit price inflation.
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The 2009/10 barley exports is very similar to that seen in the bumper season of 2008/09
The 2009/10 barley exports is very similar to that seen in the bumper season of 2008/09: high export in the beginning of the season and its sharp drop in December / January. As usual, Ukraine is the leader among barley exporters: as of January 25, 2010, 4.1 ММТ of barley was exported from there against 4.8 MMT in 2009.
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Sugar industry takes investment of USD 100-150 million
Investment of USD 100-150 million is required for the creation of a competitive sugar industry in Ukraine in the long-term perspective, the press service of the Agrarian Chamber of Ukraine reported.
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Ukraine Railways raises transit tariffs for several ports-bound cargoes
Ukrzaliznytsya, the State Railway Transport Authority of Ukraine announces it has revised the tariff terms for transit of commodities of the agreed discount rates with commercial seaports. The changes were made as well in the list of ports, as the railway tariffs rates, RZD-Partner.Ru IA reports. The changes are introduced until Q2 2010.
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21 regions Jan vegetable oil prices up 0.6-10.5%, to UAH8,29-10,99 per liter
Jan 2010 vegetable oil prices have mounted to UAH8,29–10,99 per liter, up 0.6–10.5% against Dec 2009 on 21 regions markets, reported Ministry of Economics representative.
more08.02.2010
Russia. Grain terminal at Tuapse port to be launched today, Russian top official attends the ceremon
A grain terminal of annual capacity of 2.4 million tons at the Tuapse Commercial Sea Port is to be launched today, February 8, 2010. The first vice-premier Viktor Zubkov is said to attend the ceremony, Novosti RIA reports.
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Corn Price Forecasts Cut by Morgan Stanley on Harvest
Corn may average $3.90 a bushel in the 2009-10 marketing year, 13 percent less than an earlier forecast, after good weather in the United States boosted output, Morgan Stanley said.
more08.02.2010
Soybeans, Corn Rise Ahead of U.S. Forecasts for Crop Reserves
Soybeans rose the most in almost a week on speculation that U.S. crop reserves may be lower than earlier estimates. Corn and wheat also advanced.
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