Tag: Russia

KFC Russia opens its milestone1000th store as plans to roll out lab-grown meat in stores takes shape

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RUSSIA – KFC Russia has recently opened its milestone 1000th restaurant in the city of Vladivostok, also known as “the capital of the Far East.”   Located on the east coast, Vladivostok is a major Russian Pacific port city overlooking Golden Horn Bay, near the borders with China and North Korea  According to the fast-food chain’s LinkedIn post, the restaurant is a spacious two-story in-liner with a drive-thru making it the first among QSR chains in the city.  The new restaurant will be the 19th in the Primorsky Territory and represents the…

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Ball to build new aluminium manufacturing facilities in UK, Russia as EcoBlue expands footprint in Thailand

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EURASIA – World’s leading provider of aluminum packaging for beverage, personal care, and household products Ball Corporation is expanding its manufacturing footprint in the Eurasia region with new plants in the UK and Russia.  According to Ball, the new manufacturing facilities would produce billions of cans every year – across a range of formats and sizes – from 2023, and provide up to 200 skilled jobs.  The news follows the announcement earlier this year of Ball’s plans for a new €170 million (US$235.50 million) aluminum can plant in the Czech Republic, which will help boost its output in…

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Russia allows import of Pakistani rice after a 2-year ban

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RUSSIA – Russia has allowed the import of rice from Pakistan, lifting a 2 yearlong ban that had denied Pakistani farmers access to a market that at its peak use to import rice valued at US$40 million  Russia banned the import of rice from the country in May 2019 after Khapra beetle was detected in a Pakistani rice consignment.  The decision to greenlight Pakistani rice was reached after intense negotiations between representatives from both governments.  With the new development, four Pakistani establishments located in Karachi, Lahore, and Chiniot will now be…

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FrieslandCampina sells Russian dairy business to German dairy giant Ehrmann

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RUSSIA – Leading Dutch dairy specialist FrieslandCampina has sold its Russian subsidiary Campina LLC to German dairy giant Ehrmann SE as part of its previously announced strategy to review its position in various markets. The strategic transaction is expected to allow FrieslandCampina to focus on consumer markets elsewhere while at the same time accelerating Ehrmann’s position in Russia. After completion of the transaction, Ehrmann will be the full owner of Campina and will manage the dairy production in Stupino, located in the Moscow region. Ehrmann is expected to further develop…

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Russia mulls soybean export tax reduction as global grain stocks to drop to five-year low

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RUSSIA — Russia is examining a 20% reduction of its soybean export tax, but not to less than US$100 per tonne, starting July 1, Reuters reported. If approved, the tax would replace the current export tax which set at 30% with a minimum level of €165 ($199) per tonne until June 30, and is expected to be in place until September 2022. The tax reduction comes at a time when global grain stocks are forecast to finish the 2020-21 marketing year at a five-year low at 609 million tonnes, according…

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Bunge offloads grain terminal in Russia as biscuit maker Lotus achieves full control of Italian joint venture

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EUROPE – Bunge, one of the largest agricultural commodities trading companies in the world, has sold its Rostov grain terminal in southern Russia for an undisclosed sum, according to a report by Reuters. The news comes as Belgium-headquartered biscuit maker Lotus is consolidating its presence in Italy by achieving the full ownership of its marketing joint venture, Lotus Bakeries Italia. Following the acquisition, Lotus Bakeries Italia will now focus exclusively on marketing Lotus Bakeries brands in the country. “With the acquisition of full control over our entity in Italy, we’re…

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Danone debuts infant formula in pre-measured tabs, launches Alpro drinks production in Russia

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UK – French multinational dairy company, Danone has launched Aptamil infant formula milk in a pre-measured tab format to make preparing formula milk more convenient.  The new formula milk tabs- developed in partnership with Japanese food manufacturer Meiji- are said to dissolve easily, and allow for more accurate measurement. This results in less wasted formula and less mess; making them particularly useful for night-time feeds. According to Danone, the new format will be available in packs of 24 sachets, with each sachet containing five tabs. One tab is equal to…

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Russia mulls banning Moroccan tomatoes over safety concerns

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MOROCCO – The Russian Federal Service for Veterinary and Phytosanitary Surveillance has announced that it was considering a ban on tomatoes and other vegetables imported from Morocco over food safety concerns. Sergey Dankvert, the head of Rosselkhoznadzor, in an interview with Russian news agency TASS said that the move by the Russian authorities was in an effort to prevent infected tomatoes and vegetables from morocco from entering the Russian market. According to the Russian surveillance institution, some Moroccan vegetables, most-notably tomatoes, are infected with the Pepino mosaic virus whose symptoms…

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Morocco allows Russian fishing vessels to operate in its waters in new legal framework

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MOROCCO – In a bid to ensure the sustainability of the Moroccan fisheries and foster trade with other nations, the government has inked a new maritime fisheries cooperation with Russia, to replace the 2016 agreement that expired this year in March. This is in response to incessant squabbles over fishing right in international waters by foreign vessels, reports Morocco World News. The new agreement, which will last for four years, establishes the legal framework allowing a fleet of 10 Russian vessels to fish for small pelagic species in Moroccan waters…

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Pakistan to import 200,000 tons of wheat from Russia to control inflation

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PAKISTAN – Pakistan plans to buy about 200,000 tons of wheat from Russia as part of Prime Minister Imran Khan’s bid to control inflation by increasing supplies of essential commodities. Islamabad will soon sign a memorandum of understanding with Moscow for the supply of the grain on a government-to-government basis, Pakistan’s wheat commissioner, Imtiaz Ali Gopang, said. He added that the shipments from Russia are likely to arrive by December after the federal cabinet approves the proposal. Russia’s agricultural agency said the country has already shipped 128,000 tons to Pakistan…

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