When Russian billionaire Alexander Lebedev’sOAO National Reserve Bank seized collateral offered against a loan from a cash-strapped borrower, a health quarantine was slapped on the security: 40,450 pigs. “We had a court decision to take away the collateral, which is the pigs,” Lebedev, 49, said in an interview in Moscow. The borrower, a farm near Samara on the Volga river, agreed “with the local authorities to establish a quarantine” against African swine fever. The former KGB officer is still waiting to collect the pigs offered against a loan of 100 million rubles ($3.5 million). A kilogram of live pig costs an average of 78.4 rubles, the National Meat Association says.
From the beginning of the current marketing year (MY, July 2009 – June 2010), and as of October 22, Ukraine exported 8.2 mln tonnes of grains, an increase of 2.5% compared to the same period of 2008/09 MY, according to the information of the Ministry of Agrarian Policy.
In the current year, governmental purchasing interventions on the market of grains will start on November 2, declared Elena Skrynnik, the Minister of Agriculture, on October 23.
According to the data of operative statistics, in September 2009, Ukrainian enterprises produced 31.4 thsd tonnes of groats products as opposed to 23.4 thsd tonnes in August. Ukraine also increased the production volumes by 8% compared to September 2008.
“The real negative point of this is that nearly all corn sold was to fill out soymeal cargos,” said MaxYield commodity trade adviser Karl Setzer. “Nobody really wanted our corn, but took it anyway.”
Traders and analysts differ on the significance of the weak sales, whether they have been caused by higher prices and to what extent the poor sales would weigh on the market.
President of Ukraine Victor Yushchenko is calling to lift the moratorium on trade in agriocultural land. This prohibition is hindering investments into agriculture, into development of the sector's infrastructure.
Ukraine harvested 42.85 million metric tons of grain in the year to Oct. 20 on 14.5 million hectares, or 94% of the total area to be harvested, with an average yield of 2.95 tons a hectare, the Agriculture Ministry said Wednesday.
APK-Inform continues accepting application forms for participation in the 8th international conference “Fat-and-oil industry – 2009. Production, processing, marketing” (November 25-27, Ukraine,Truskavets, "Rixos-Prykarpattya").
In September 2009, grain export volumes from Russia totaled nearly 2 mln tonnes as opposed to 2.2 mln tonnes in August of the current year. At the same time, railway grain shipment grew from 550 to 600 thsd tonnes, informed the analytical center of “Rusagrotrans”.
The average yield to date was 2.38 tons a hectare, 0.13 tons less on the year. Wheat harvest to date was 62 million tons, compared with 65.9 million tons on the year. Barley harvest to date was 18.5 million tons compared with 24 million tons a year ago.
Corn harvest to date was 2.2 million tons, 2.3 million tons less than a year ago. Russia harvested 108.1 million tons of grain in 2008.
Source: CME Group