Business Watch
Russia's state agricultural development program for 2013-2020, which was approved last July, is in need of revision because the figures and resource provisions it envisages make it impossible to fulfill several of the tasks it sets forth, according to conclusions made at State Duma hearings on Thursday.
Russia will earmark 400 billion rubles ($13 billion) to finance priority projects in the country’s forestry industry to make the sector attractive for investment and address its long-term problems, President Vladimir Putin said on Thursday.
Russian fertiliser company Phosagro said on Wednesday it had priced a secondary share offering at $14 per global depositary receipt, or $42 per share.
Ensuring food security in a changing climate is a critical and pressing development challenge in today's world. Projections estimate that food production around the globe needs to increase by 70-100 percent by 2050 in order to meet the demands of a world with nine billion people.
While Russians are ready to pay for organic food higher prices, the new business niche is increasingly expanding. This indicates that new legislative regulations should put the situation under control.
Russia has approved imports of poultry from two processing plants in Brazil, in a first concrete step towards lifting a ban on meat from three southern Brazilian states, Brazil's agriculture ministry said on Tuesday.