Articles Written by Polina Devitt

Russia-Turkey tensions stymie new wheat deals

By Polina Devitt, Sarah McFarlane November 27, 2015

Reading Time: 2 minutes Reuters — Political tension between Russia and Turkey has put a brake on new wheat deals between the two countries and created uncertainty about existing agreements, traders said Thursday. Relations between Russia, one of the world’s largest wheat exporters, and Turkey, the largest buyer of Russian wheat, have quickly deteriorated after Turkey shot down a […] Read more

Crops, Markets, Reuters, Weather

Russia, Ukraine may cut grain crop forecasts as temperatures rise

By Pavel Polityuk, Polina Devitt July 10, 2015

Reading Time: 2 minutes Moscow/Kiev | Reuters — Major Black Sea wheat exporters Russia and Ukraine may cut their official 2015 grain crop forecasts as recent hot weather has raised the risks to plants and rains elsewhere have delayed the harvest and dented quality, farmers and officials said. Russia and Ukraine’s agriculture ministries have said if hot weather persists […] Read more

Crops, Markets, Reuters, Spring Wheat

Uncertainty over Russia’s wheat export tax seen slowing trade

By maha-el-dahan, Polina Devitt June 18, 2015

Reading Time: 2 minutes Moscow/Abu Dhabi | Reuters –– Uncertainty over Russia’s new wheat export tax is slowing trade activity as traders who have signed forward contracts say they are unsure about how the formula will be implemented. The floating tax formula, to be launched from July 1, is intended to stop exports surging if the rouble drops steeply, […] Read more

Hogs, Livestock, Markets, Reuters

Russia looks set to extend import ban on Western food

By Polina Devitt April 30, 2015

Reading Time: 2 minutes Moscow | Reuters –– Russia looks likely to extend a ban on Western food imports beyond an Aug. 7 deadline, with a lack of incentive to lift its embargo due to the prospect of extended European sanctions. With President Vladimir Putin supporting moves to boost Russia’s “food security,” officials have promised to invest more in […] Read more

Crops, Markets, Reuters

Russia’s Uralkali to invest US$4.5B to stay potash No. 1

By Polina Devitt March 5, 2015

Reading Time: 2 minutes Moscow | Reuters –– Russia’s Uralkali will invest US$4.5 billion over the next five years to raise production capacity by 30 per cent, aiming to remain the world’s largest potash company despite a setback at a major mine. Uralkali’s capacity to produce potash, a crop nutrient, came into focus after it halted production at the […] Read more

Crops, Markets, Reuters, Weather

Russia starts spring seeding with raised hopes for harvest

By darya-korsunskaya, Polina Devitt March 4, 2015

Reading Time: 2 minutes Moscow | Reuters –– Russian farmers have started their spring seeding campaign with prospects for the 2015 crop brighter than first thought, the agriculture ministry said on Wednesday. Russia, one of the main key wheat exporters to North Africa and the Middle East, needs a good crop after a sharp drop in the rouble has […] Read more

Crops, Markets, Reuters

Russian grain exports seen reviving as informal curbs ease

By Polina Devitt December 28, 2014

Reading Time: 2 minutes Moscow | Reuters –– Russian grain exports have picked up again after a decision to impose official export duties reduced informal curbs that had all but stopped sales abroad, SovEcon agriculture consultancy said on Saturday. Russia, the world’s fourth-largest wheat exporter, introduced informal grain export controls last week to try and cool domestic wheat prices […] Read more

Cereals

Russia’s grain exports stop: farm lobby

By maha-el-dahan, Polina Devitt December 24, 2014

Reading Time: 2 minutes Moscow / Abu Dhabi / Reuters — Russia’s grain exports have stopped due to curbs brought in to protect domestic supply, putting big deals at risk, an influential farm lobby group said on Wednesday. Russia’s main wheat buyers are Turkey, Iran and, very vulnerable to supply disruption, Egypt. Moscow imposed informal grain export controls with […] Read more

Crops, Markets

Russia’s new grain export duty sows confusion

By Michael Hogan, Polina Devitt December 22, 2014

Reading Time: 2 minutes Moscow / Reuters — Russia stiffened its bid to curb grain exports on Monday with plans for a duty on shipments, to defend domestic bread supply against a crumbling rouble. Russia, one of the world’s top wheat exporters to North Africa and the Middle East, has been exporting record volumes of grain this year as […] Read more

Markets, Spring Wheat

Russian grain exporters stop buying

By Polina Devitt December 19, 2014

Reading Time: 2 minutes Moscow / Reuters — A Russian grain exporters’ group that accounts for about three-quarters of the country’s shipments said on Friday it had stopped buying for export until domestic prices cool down. The move follows informal government measures to restrict exports as Moscow tackles a currency crisis, including through toughening of quality controls and a […] Read more

Canada’s wheat ending stocks projections raised

Fund traders grow long positions in canola, U.S. futures

Prairie cash wheat: Bids mixed

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