InfoAnda - Putin bans Russia grain exports due to drought

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Israeli inquiry into Gaza flotilla raid opens | | 28 June 2010
Police detain 30 for violence in NW China protest | 20 November 2008
Alyssa Milano series gets start date | 29 March 2010

Portugal ruling party falls behind in poll, tax plan scalded | | 13 September 2012

Forum Views () Forum Replies ()

Read more with google mobile : Putin bans Russia grain exports due to drought

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Africa Europe Latin America Middle East North America Putin bans Russia grain exports due to drought AFP - 1 hour 7 minutes ago Send IM Story Print MOSCOW (AFP) - – Russia, the world's third wheat exporter, Thursday banned grain exports for the next four-and-a-half months due to a record drought that has destroyed millions of hectares (acres) of its land. The sudden announcement from Prime Minister Vladimir Putin took markets by surprise after Russian officials previously stated that exports would not be affected. Wheat futures shot up to new two-year highs. "In connection with the unusually high temperatures and the drought, I consider it right to impose a temporary ban on the export from Russia of grain and other products produced from grain," Putin told a government meeting. Russia, currently the world's number three wheat exporter, earlier this week slashed its grain harvest forecast to 70-75 million tonnes owing to the worst drought for decades. Last year, Russia exported 21.4 million tonnes of grain and observers had already warned that could be sharply lower this year owing to the drought. The Russian Grain Union has said that in a worst-case scenario, they could range from as low as 11 million tonnes up to 19.5 million tonnes. The prime minister's spokesman Dmitry Peskov said that the export ban would come into force from August 15 and remain in place until December 31. "We must not allow an increase in domestic prices and must preserve the headcount of our cattle," said Putin in comments broadcast on state television. Putin signed a decree imposing the ban which also stated that Russia would ask its fellow members of a regional customs union -- Belarus and Kazhakhstan -- to make a similar move. Kazakhstan is also a major world grain exporter. Russia's policy after December 31 would be determined by the results of the harvest, Putin said. Russia has seen 20 percent of its arable land (10 million hectares, 24.7 million acres) destroyed in the heatwave. The Russian strongman also announced that agriculture producers who had suffered as a result of the drought would receive financial aid totalling 35 billion rubles (1.17 billion dollars). Concerns about Russia -- coupled with a drought that has also hit Ukraine and Kazakhstan as well as a low harvest in Canada -- had already led to a spike in global wheat prices to two-year highs. On Euronext, the November milling wheat future jumped after Putin's announcement to 234 euros per metric tonne, up 11.96 percent on the day. In trade in Chicago, September wheat shot up to 7.86 dollars a bushel from 7.26 dollars while the December contract jumped to 8.14 dollars from 7.55 dollars. The severity of the drought has seen states of emergency declared in 27 Russian regions and dealt a major blow to its ambitions of ramping up its global market share over the next years. Russia's average annual domestic consumption of grain is estimated at around 77 million tonnes and Putin said the country currently has reserves of 9.5 million tonnes. Russia has been planning to boost its market share significantly over the next years by modernising infrastructure, in particular storage silos, and exploiting land that was left fallow under the Soviet Union. It had been aiming to more than double exports to 40-50 million tonnes a year by increasing supplies to grain-hungry consumers like Egypt. Deputy Agriculture Minister Alexander Belyayev had Tuesday moved to calm markets by saying that "for the moment" Russia did not plan to impose export restrictions and insisting this year's exports would be "at the level of previous years. "Exports are very easy to lose and very hard to win," he noted. Recommend Send IM Story Print Related Articles Kenya 'yes' camp hails referendum victory AFP - Friday, August 6 Kenya 'yes' camp declares referendum victory AFP - Friday, August 6 'Attempted coup' rocks tense Kyrgyzstan AFP - 22 minutes ago UK-World Summary Reuters - 26 minutes ago Iran sees regional alliance to counter NATO Reuters - 27 minutes ago News Search Top Stories Putin bans Russia grain exports due to drought Greece still faces problems despite progress: EU-IMF Kenya 'yes' camp hails referendum victory Barclays bank first-half profits soar 29% Kenya 'yes' camp declares referendum victory More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended 40 US billionaires pledge half wealth to charity Elite US cyber team courts hackers to fight terrorists Israel cuts down trees that caused Lebanon clashes BP partner refusing to pay 1.2-billion-dollar oil spill bill Piano 'played by Mozart' discovered in Germany: report More Most Viewed » Parachuting donkey shocks Russian beachgoers Argentine students crack three-decade-old murder mystery World's first full face transplant man appears on TV Paris Hilton caught with cannabis in handbag Calcium supplements linked to heart attacks: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 5 August 2010
U.N. supports Israeli claim on Lebanon clash
Medvedev sacks officers over Russia fire failures
Petraeus issues new rules to avoid civilian casualties
Intel to end tactics against competition: FTC
Italy rejects no-confidence motion against junior minister
US-TECH Summary
BP partner refusing to pay 1.2-billion-dollar oil spill bill
Iran's Ahmadinejad unhurt after blast near motorcade
Chechen rebel chief revokes resignation: video
LinkedIn makes first acquisition
Piano 'played by Mozart' discovered in Germany: report
UAE decision to ban BlackBerry services 'final'
Israel warns Lebanon but also seeks calm along border
Time Warner profits top forecasts
US economy adds private jobs but at lackluster pace
Yes voters take early lead in Kenya referendum |
More than 50,000 altar servers gather at Vatican
40 US billionaires pledge half wealth to charity
Mexico drug cartels use gory videos to spread fear |
Siemens to cut 2,000 IT jobs in Germany
Cuba lawmakers to hear Fidel Castro nuclear fears |
Google's Android takes lead in US consumer smartphones
Russia moves radioactive material from nuclear site
U.N. council calls on Iraq to form government soon |
UAE decision to ban BlackBerry services 'final'
Criminals, spies swamp cyber world: experts
Fires rage in Russia, death toll rises to 48 |
Japan's DoCoMo ties up with publisher to launch e-books
Point and peek iPhone app for Aussie househunters
Six wounded in mosque attack in violent Karachi
Devastating Pakistan floods sweep Punjab
Death toll from Pakistan political unrest reaches 70
New Zealand makes Champions Trophy history
Messi stars as Barca beat K-League All Stars
Google's Android leads U.S. smartphones |
Microsoft and Salesforce settle patent tiff |
Nearly 1,700 dead, missing in China floods
US-ENTERTAINMENT Summary
LinkedIn makes first acquisition |
Asian ministers fret over millennium goals
Wyclef Jean set to announce Haitian presidency run
Pakistan president attacked over Europe trip after floods
Swiss film fest with Asian touch to show banned zombie movie
Airil leads Selangor Masters golf after first round
India Tata Group starts quest for Ratan Tata successor
China taps celebs to star in image-boosting commercials
Record China sales boost Daimler
Rice paddy art puts Japan village on the map
Salman Rushdie headlines Brazilian book festival
India says overly aggressive rate hikes could hurt recovery
Media giant Time Warner's profits top forecasts
Japan's automakers recover but challenges remain
China to step up crackdown on hot money inflows
Yen emerges from shadow of action stars Chan, Li
Huang denies making formal bid for Liverpool
Taiwan cabinet opposes court ruling on AU plant
Kanye West paints his way back onto MTV |
Avenged Sevenfold earns first No. 1 on album chart |
Wyclef Jean set to announce Haitian presidency run |
Suicide attack kills six Afghan police
Suicide bomber kills 7 Afghan police in north
Petraeus clarifies rules on Afghan air strikes |
Mideast BlackBerry ban hits Hollywood and media
Hollywood glad kids willing to pay for content
China defends dealings with Iran after US pressure
IBM and Aetna tie up to offer clinical support service
U.N. council calls on Iraq to form government soon
Microsoft and Salesforce end patent duel
Google phones unseat BlackBerry as US best seller
Suicide bomber kills six police in Afghan north |
Google Android gains pace, social Web a focus: CEO
Verizon and Google reach Internet traffic deal: sources
ECB mulls alternatives to rate-cut to spur growth
Too few users catch Google's 'Wave'
Phelps swims to two titles as Peirsol falls
Ex-PM Rudd charges into Australia poll race
Factbox: BlackBerry security explained
S.Korea kicks off military drill despite threats
Hope for Gulf as BP plugs well, most of the oil gone
Magnitude 5.7 quake hits near Concepcion, Chile |
Petraeus clarifies rules on Afghan air strikes
China protesters cut off and swallow fingertips
40 US billionaires pledge half wealth to charity
Pakistan's Sindh province braces for floods |
Giuliani daughter arrested at NYC cosmetics store
Military shakeup could derail Thai peace moves
Obama turns 49 with Mrs. Obama, kids out of town
Hong Kong Octopus chief resigns after data sale
Federal judge strikes down Calif. gay marriage ban
Japan child porn cases surge to record high
UN chief in Japan calls for end to nuclear arms
Group sues to stop mosque near NYC's ground zero
Pacific meeting focuses on Fiji, climate change
UN rushes envoy to mounting Pakistan flood crisis
10 missing after Indonesian ships collide
Google's Android leads U.S. smartphones |
Google Android gains pace, social Web a focus: CEO |
Indonesia posts 6.2 pct growth in second quarter
Mideast BlackBerry ban hits Hollywood and media |
January Jones "sucks it up" for Emmy
Chinese import prompts S.Korea car safety fears
Island paradises for sale or rent
Verizon and Google reach Internet traffic deal: sources |
Seoul shares end down; banks sink on foreign selling
Hollywood glad kids willing to pay for content |
China bank adviser urges more flexible yuan
Piracy forces Taylor Swift to rush out new single
British drink to good health at beer festival
S.Korea says China trade talks likely next year
"Expendables" revels in excess
IBM and Aetna tie up to offer clinical support service |
PAKISTAN
Philippines suffering from migrant brain drain
Web porn saga "Middle Men" boasts colorful cast
S.Korea says facing risks despite recovery
Prosecutors claim doctors over-medicated Anna Nicole
New Zealand Post 2010 profit to fall on one-offs
Restraining order for accused DiCaprio bottle attacker
NZ unemployment rises, chances of rate pause grow
Michael Jackson's last home up for sale
Prosecutors claim doctors over-medicated Anna Nicole |
Lady Gaga to Green Day, Lollapalooza boasts motley cast |
Restraining order for accused DiCaprio bottle attacker |
Piracy forces Taylor Swift to rush out new single |
January Jones sucks it up for Emmy |
Web porn saga Middle Men boasts colorful cast |
Expendables revels in excess |
Michael Jackson's last home up for sale |
Corrected
Putin bans Russia grain exports due to drought
Saudis brace for BlackBerry ban, new models in UAE
Karzai orders probe into Afghan civilian deaths reports |
Suicide attack kills seven Afghan police
Greece still faces problems despite progress: EU-IMF
Iran sees regional alliance to counter NATO |
Barclays bank first-half profits soar 29%
Kyrgyz troops break up crowd, see coup attempt |
Suicide bomber kills 7 Afghan police in north
Leaks undermine Afghan support for NATO: UK |
NATO helicopter goes down in southern Afghanistan
Kenya 'yes' camp declares referendum victory
Zimbabwe sparks accident scare with airport drill
Iran stoning case lawyer in Turkey, seeking asylum |
Naomi Campbell arrives at war crimes court
Russia in losing battle against spreading wildfires
Kenya votes Yes to new constitution |
Supermodel Campbell tells court of dirty pebbles |
Special Report: In Rwanda Inc., an election exposes repression |
On Facebook, wife learns of husband's 2nd wedding
911 call on Conn. shooting shows racial disparity
NM gov meets with lawman Pat Garrett's descendants
Will Smith teaches son how not to kiss on-screen
Suspected suicide bomber injures 14 in Philippines
Green turtles return to Malaysia but future bleak
S.Korean military in war against foul language
Pakistani stocks, o/n rates end down; rupee weakens
Lebanon to assess security concerns over BlackBerry |
Sri Lanka tea export earnings to hit record high
Singer Lily Allen reveals pregnancy
India's Reliance eye stake in US shale gas field
Cambodia selecting securities firms for new bourse
Seoul to invite 100 world CEOs to G20 summit
Supermodel Campbell tells court of "dirty pebbles"
Seoul shares end down; banks sink on foreign selling
Indonesia court upholds ban on 'Balibo' film
Will Smith teaches son how not to kiss on-screen
Supermodel Campbell tells court of dirty pebbles |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01