Russia

IGC Raises Forecast For 2023/24 World Wheat Crop

The International Grains Council (IGC) raised its forecast for global wheat production in the 2023/24 season with upward revisions for Ukraine, Russia and...

Ukraine Raises Road Food Exports In October, Brokers Say

Ukraine has increased its road grain shipments in the first half of October, aiming to send abroad as much as possible of its bumper grain and vegetable oi...

Russia's X5 Group Sees Q3 Net Sales Up By More Than A Fifth

Russian retailer X5 Group, which operates the Pyaterochka, Perekrestok and Chizhik banners, has reported a 22.7% increase in net retail sales in the third...

Russian Retailer Lenta Buys Monetka Chain In Cash And Debt Takeover

Russian supermarket chain Lenta said its has acquired the Monetka chain of 2,120 convenience stores for an undisclosed sum in a deal financed by cash and d...

Cheap Sunflower Oil From Russia, Ukraine Rattles Palm Oil Market

A flood of cheap sunflower oil from Russia and Ukraine is putting downward pressure on palm oil prices as the two top producers take advantage of currency...

Russia's Magnit Launches Extra Buyback Offer After Strong Foreign Demand

Magnit announced an additional offer to buy back blocked shares, giving more Western investors an opportunity to withdraw funds from Russia after attr...

Brewer Carlsberg Ends License Agreements In Russia

Carlsberg has terminated its license agreements in Russia following Moscow's decision earlier this year to take control of the Danish group'...

Ukraine Grain Corridor Should Not Replace Broader Deal: UN Trade Chief

Ukraine's move to create a shipping channel for grain exports is a positive step for global food security, although efforts continue to reach a new agreeme...