Russia agriculture news

[RussiaPrussia]

Cereal production: U.S. experts expect more than 30 percent growth in Russia

U.S. agricultural experts expect this year with a growth of the grain harvest in Russia by 34 percent to 95 million tons.
This was announced by the Agricultural Attaché of the Foreign Agricultural Service of the U.S. Department of Agriculture, Levin Flake, on Thursday in the Black Sea city of Sochi in the International Grain Forum Global Grain Sochi.
According to him, the Russian grain export in the new agricultural season (July 2013-June 2014) is expected to rise from 15.5 to 24 million tons.
According to the expert should be harvested compared to 37,7 million tons last year, this year in Russia a total of 54 million tons of wheat. The forecast for corn is 9.5 million tons (compared to 8.213 million tonnes in the previous year), 17.5 million tons of barley (compared to 13.952 million tons in 2012), for sunflower 8.9 million tonnes (7.959 million tons in 2012) and for soybeans 2.2 million tonnes (1.88 million tons in 2012).
The calculated total yield of all crops should be at about 95 million tons, according to Flake. "Grain exports will amount to an estimated 24 million tons in this case," said the expert.
The presented Flake overall prognosis is consistent with that of the Russian Agriculture Ministry, which expects the grain harvest of 70.9 million tons last year to 95 million tons this year. According to Russian data to be exported into the new agricultural season 20 million tons compared to 15.5 million tons in the late agricultural season (2012-2013).

[RussiaPrussia]

https://de.wikipedia.org/wiki/Liste_...ite_note-FAO-1

[RussiaPrussia]

North Korea to invest $1 mln in Russia’s Primorsky territory agriculture

Democratic People’s Republic of Korea plans investing $ 1 mln in the agricultural sector of Russia’s Far-Eastern Primorsky /Maritime/ territory, and in particular in the processing of coy and corn.

Also, the North Korean side is interested in the setting up of joint cattle farms, North Korea’s Consul General in Vladivostok Rim Chun Il said Thursday at a meeting with the regional Governor, Vladimir Miklushevsky.

The Consul also named tourism as one more possible area of cooperation. He indicated that the North Koreans are building a mountainous skiing resort in their country.

Rim pointed out the activity of Chinese tourists in visiting North Korea and he said his country would like to see the Primorsky territory residents become frequent guests, too.

Gov Miklushevsky, on his part, stressed the importance of educational and cultural exchanges between the DPRK and his country, since “the more we know about each other, the bigger the opportunities for cooperation in various fields.”

Wednesday, an authoritative delegation of the DPRK Chamber of Commerce and Industry led by the chief of the international relations directorate arrived in the Primorsky territory. The list of delegation members includes representatives of the North Korean Trade Ministry, the South to South cooperation society, and the Association for Domestic and Foreign Trade.

The itinerary of the trip includes talks with executives of local small and medium-sized businesses. In part, the delegation members are interested in supplies of foodstuffs from the Primorsky territory to North Korea, as well as in a joint production of fish flour and electric current transformers, in the leasing of locomotives and luggage coaches, and the purchases of an oil tanker. .

The North Korean visitors have brought along with them the samples of North Korean produce - electric cables, plate glass, ginseng, and the drugs of traditional oriental medicine. If the two sides sign the agreement on joint projects, the Koreans are ready to provide equipment and workers - sewing machine operators, welders, builders, fishermen, drillers, woodworkers, road builders, horticulturists, and specialists in other professions.

This is the first time a delegation of the type is visiting Vladivostok. In spite of the geographic closeness of the Primorsky territory and the DPRK, trade and economic relations between them are still insignificant.

The North Korean delegation will stay here through to June 23.

[RussiaPrussia]

RDIF Leads Consortium to Invest in Russia's Largest Agriculture Tire Producer

MOSCOW, June 19, 2013 /PRNewswire via COMTEX/ -- A consortium of the Russian Direct Investment Fund (RDIF), Titan International, Inc., one of the world's largest manufacturers of agricultural and industrial tires, and One Equity Partners (OEP), a global private equity fund and a subsidiary of JP Morgan Chase & Co, have reached an agreement in principle with Cordiant to invest in Voltyre-Prom, a leading Russian agricultural and industrial tire manufacturer. The transaction is expected to be finalized in the near future.


As result of the investment the consortium will own a controlling stake in Voltyre-Prom, with Titan International becoming its managing partner. The consortium's investment will allow Voltyre-Prom to update its operations, grow its production of specialty tires for international agricultural machinery, reduce imports by shifting production to Russia and begin to explore export opportunities.

Voltyre-Prom is the leading producer of agricultural and industrial tires in Russia. Its market share in agricultural tires was 43% and 16% in industrial tires in 2012. The company produced circa 1.35 million tires in 2012.

Kirill Dmitriev, CEO of the RDIF, said:

"RDIF completed this deal alongside world class strategic partners from both the global industrial and financial sectors. The involvement of investors of such scale underlines the growth prospects in the Russian agricultural sector. The expertise and knowledge of our partners will help shift the production of world-class tires that currently takes place overseas to Russia. This investment meets the fund's objectives and represents an exciting opportunity to get a foothold in this sector."

Maurice Taylor, Chairman and CEO of Titan International, commented:

"Titan has plans to grow its tire, wheel and track footprint in Russia and CIS countries. John Deere, CNH, Agco and Caterpillar are just a few of Titan's customers increasing their presence in Russia and CIS, and Titan will be there to service them and end users of their equipment as this expansion occurs. It is Titan's belief that the future growth of global farming and mining lies in Russia and CIS countries."

Dick Cashin, Managing Partner of One Equity Partners, said:

"OEP and Titan welcome the opportunity to invest with RDIF to support the growth and development of Voltyre. RDIF has been an exemplary partner throughout the transaction. We are confident that we have the optimal strategy in place to share capabilities, maximize the strength of Titan's brands, support Titan's demanding international customers, and work with the very capable management and workforce at Voltyre."

Dmitry Sokov, CEO of Cordiant, commented:

"The agreement with the consortium will enable Cordiant to focus on passenger and truck tire markets. The deal also includes a 3-year distribution partnership program, with Cordiant selling Voltyre's passenger, truck and light truck tires. Cordiant plans to invest almost $550 million up to the end of 2018 to expand its passenger and truck tire business. This will increase production capacity by up to 12 million tires per year."

Russian Direct Investment Fund (RDIF) was established in June 2011 to make equity investments primarily in the Russian Federation. RDIF's management company is a 100% subsidiary of Vnesheconombank. In each investment it makes, RDIF is mandated to secure co-investment that as a minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy. Further information at http://www.rdif.ru

Titan International is one of the world's largest manufacturers of agricultural and industrial tires with net sales exceeding US$ 1,8 billion in 2012. The company operates globally and manufactures under the Titan and Goodyear brands. Its OEM customers include John Deere, AGCO, Case IH/Case Construction, New Holland, Caterpillar and Kubota. Further information at http://www.titan-intl.com

One Equity Partners. Founded in 2001, One Equity Partners, a subsidiary of JP Morgan Chase & Co., currently manages US$ 11 billion portfolio of private equity investments. By working in partnership with owners and managers, OEP invests globally in transactions that promote strategic and operating change, creating long-term value. Further information at http://www.oneequity.com

Cordiant - is a leading Russian producer of tires. It consists of 4 tire plants and 5 divisions. The revenue for 2012 was 28 billion rubles. The holding produces and supplies about 400 different types of tires. The main brands (auto and light truck tires) and TyRex (cargo and agricultural tires). Further information at http://www.cordiant.ru

For more information contact: Maria Medvedeva, Press Secretary of RDIF Mobile phone: +7-964-726-1773 E-mail: mm@rdif.ru Hudson Sandler Andrew Hayes/Maria Ignatova/Elena Kuza/Charlie Barker Tel: +44(0)20-7796-4133

SOURCE Russian Direct Investment Fund

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