World Grain - July 2015 - 16

NEWSREVIEW

Medvedev: Russia able to feed itself
ROSTOV-ON-DON, RUSSIA - The last 10 months of food import
restrictions have shown that Russia is capable of feeding itself, said
Russian Prime Minister Dmitry Medvedev, who participated in the
National Food Security Forum on June 5.
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embargo, he said, and although traditional partners, especially in Europe, are gone, the domestic market has barely noticed their absence.
Last year, he said Russia ensured the local supply of four out of eight
kinds of products needed for food security - grain, sugar, vegetable
oil and potatoes.
Medvedev said the nation's agricultural sector is growing more
competitive. Exports of agricultural products and foodstuffs rose by
more than 40% last year.
"Certain prices do remain a problem, but at the same time the supply of domestic products and certain imports from other countries
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To promote the growth of the domestic market, he said Russia has
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increased production of vegetables, fruit, milk and meat.
The planned amount of state support this year is greater than in the
past. In 2014, Russia allocated 187 billion Rubles ($3.3 billion) for
the state program, and in 2015, it was 220 billion Rubles.

Russian Prime Minister Dmitry Medvedev said Russia ensured the local
supply of four of eight products needed for food security - grain, sugar,
vegetable oil and potatoes. Photo courtesy of the Russian government.

Cargill completes purchase of Zambian soybean business
LUSAKA, ZAMBIA - Cargill announced on June 1 that it has completed the acquisition of Zamanita Ltd, the soybean crushing and oil
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part of Cargill's business in Zambia.
As part of the deal, Cargill has acquired all of Zamanita's assets,
including the Mama's oil and Zamanita oil brands. Cargill said it will
continue to provide customers high quality oil under these existing oil
brands and Cargill's commercial team will work to ensure customers
experience business as usual and have no interruptions of supply.

"Cargill will immediately start an extensive investment program at
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general manager of Cargill in Zambia. "Building on Zamanita's existing strengths, we intend to bring this plant up to the high standards
of quality, environmental health and safety that is associated with
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Russian Grain Union says duty will lower wheat exports
MOSCOW, RUSSIA - Grain exports from Russia are anticipated
to decline to 30 million tonnes due to a new export duty that goes
into effect on July 1, said Russian Grain Union President Arkadiy
Zlochevskiy on June 9.
The previous estimate for the 2015-16 growing season was 35
million tonnes. Wheat exports are expected to drop to 17-18 million
tonnes from a previously expected 22 million tonnes.
A decrease also is expected in the general grain harvest in Russia
to 95-96 million tonnes, from 103 million tonnes harvested last year.

The wheat harvest is expected to be down to 54-55 million tonnes.
Russia imposed an export duty on wheat of 15% of customs value
plus €7.5, but not less than €35 per tonne from Feb.1 to May 15. It's
estimated that duty prevented the export of 3 million tonnes of Russian grain. On May 26, Russian Minister of Agriculture Alexandr
Tkachov announced a new duty that will be calculated based on a
contract price. The price will be converted into rubles at the rate of
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minimum tariff of 50 rubles per tonne.

Brazilian wheat importers examine wheat crop
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more about the 2015-16 crop and the U.S. wheat supply chain. ToJHWKHUWKH\SXUFKDVHDERXWRI%UD]LO¶VDQQXDOZKHDWLPSRUWVDQG
were among millers purchasing a record amount of U.S. hard red winter (HRW) and soft red winter (SRW) in 2013-14 and 2014-15. Wheat
farmers said they are pleased to see these buyers return to the U.S.
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Seco, assistant regional director for South America with U.S. Wheat As16

sociates (USW), who traveled with the team.
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With funding from state wheat commissions and USDA market
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imports returned more than $1 billion to the U.S. wheat industry in a
little more than one year from an investment of less than $100,000 in
market development spending.
July 2015 / World Grain / www.World-Grain.com

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World Grain - July 2015

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