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Manturov urged to change mentality and evaluate meat from fly larvae
In the future, consumers will add more and more plant-based raw materials to their diets instead of animal proteins. The state needs to support this direction, and the Russians need to change their attitude towards alternative meat, Deputy Prime Minister and Minister of Industry and Trade Denis Manturov believes that the production of alternative products from vegetable protein in Russia needs to ...
There is an oversupply of chips in the market. What does this mean for the future of Nvidia
Nvidia's capitalization has more than doubled since the end of 2021 due to the crisis in the chip market. The company has more than ever many risk factors, Jensen Huang, co-founder of America's most valuable GPU manufacturer, Nvidia, had a truly difficult childhood. He was born and raised in Taiwan before being sent to a boarding school in Kentucky, USA . Relatives hardly understood that this was ...
The new "Asian tiger": how China's problems helped the Vietnamese economy
The Vietnamese economy shows good growth rates: according to forecasts, the country's GDP in 2022 will increase by 8-8.5%. While neighboring China is in recession, Vietnam is actively recovering from the pandemic. Vietnam is one of the fastest growing economies in Southeast Asia. In 2022, the largest international corporations, from South Korean Samsung Electronics to Danish Lego, began building h...
+2839 and low turnout in the elections: the main thing in the region over the weekend
Elections Voting began on Friday in the municipal elections. As of 15:00 on September 11, the average turnout was 18.05% or 43,893 people. In the main elections, the voter turnout is as follows. In the elections of the Duma of the Kudymkarsky municipal district 28.25%, in the elections of the Duma of the Gubakha municipal district 2......
For the first time since March, more than 53 thousand cases of COVID-19 were detected in Russia
Among the leaders in the number of cases appeared Nizhny Novgorod region.The region overtook the Moscow region in this indicator Over the past day, 53,486 new cases of coronavirus infection have been detected in Russia, the operational headquarters reported on Telegram. The indicator was the highest over the past six months since March 9, when 58,675 cases were detected. Most of the cases were fou...
Poland will join the ban on the entry of Russians from the Baltic states
The ban on entry into the European Union through its territory for Russians with Schengen visas from the Baltic countries was agreed the day before. Exceptions will apply to truck drivers, diplomats and those Poland will join the ban on the entry of Russians, which was introduced by the Baltic countries. This is with reference to the statement of the Polish government reports Reuters. On September...
Oreshkin doubted the justification of state investments in yuan
The "toxic" dollar and euro should be exchanged primarily for rubles and "invest in yourself," said Maxim Oreshkin, aide to the president. At the same time, a country can be attractive for investment even with a considerable budget deficit, “The dollar and the euro should be exchanged for rubles and not for other currencies,” said Russian presidential aide Maxim Oreshkin during a discussion at the...
Gap between domestic beef supply and demand in China widens
China plays a vital role in the global meat industry, given the large volumes of meat consumption in the domestic market. Since 2012, the structure of beef supply and demand in China has gradually become unbalanced: underproduction compared to the basic balance, the gap between demand and supply is constantly widening year on year. Due to the growing demand for beef, Chinese beef imports are now i...
Since February, China has almost doubled imports of energy resources from Russia . Imports of Russian coke, coal, and crude oil to China
have grown the most .and gas.At the same time, imports of copper and nickel declined. Since the beginning of the Russian special operation in Ukraine, China has increased purchases of oil, oil products, gas and coal to $35 billion compared to $20 billion a year earlier. Bloomberg reports this with reference to China's customs data for March-July. According to the agency, in July, supplies of Russi...
Petrovsky: Belarusian agricultural products are a recognizable brand in the world
Peter Petrovsky. August 21, Minsk. The products of Belarusian agriculture are a brand that is recognizable in the world. This was stated to a BelTA correspondent by political scientist Petr Petrovsky.“Many people talk about the inflationary economy, criticizing the Belarusian development model at a certain stage, when, thanks to inflation, we restored our industry, including agriculture. When agri...
The authorities of the Jewish Autonomous Region have returned the mask mode
Residents of the Jewish Autonomous Region are again required to wear masks in public places, follows from the decree of the governor of the region, which is published on the government website. On the recommendation of the regional Rospotrebnadzor, the governor canceled the June decree on the suspension of part of the coronavirus restrictions. Thus, the authorities obligated residents of the JAO t...
The US Treasury withdrew from sanctions the payment of pensions outside of Russia
In addition, Washington allowed operations to close accounts of individuals in banks that fell under sanctions The US Treasury withdrew operations related to pension payments from sanctions against Russia, follows from the general license. “All transactions necessary for the processing of pension payments to US citizens or persons who are not US citizens and are not located on the territory of the...
Europe notes a third drop in pork export sales
Pork exporters in the European Union have experienced significant sales and revenue declines this year. Pork and offal exports, excluding trade with the United Kingdom, fell by almost 28% year-on-year to 1.85 million tonnes slaughter weight from January to May, according to the Brussels-based Commission. It also meant a €1.56bn or 27% decline in export earnings to €4.15bn. This was almost exclusi....
WH Group increased net profit due to the meat processing segment
On August 16, WH Group, China's largest meat processing company, released 1H 2022 results. Revenue up 0.5% YoY to $13.4 billion, EBIT up 31.6% YoY to $1.2 billion, earnings per share - by 33.9% y / y to 5.92 cents. Processed meat sales volumes decreased by 0.1% y/y, although segment revenue increased by 9.4% y/y to $7 billion Pork sales decreased by 5% y/y, revenue decreased by 9.6% y /G. Due to h...
"The data is very disturbing." Is China's economy facing a serious crisis
Following the Western world, economic problems have also appeared in Asia. In China, the world's second largest economy, key indicators deteriorated in July. And although the reasons for the slowdown in the country are different than in the United Statesor Europeanalysts expect further decline July data from China showed growing problems in the world's second economy. Most of the key indicators we...
How US Walmart is paying the price for becoming too Chinese
Walmart China celebrated its 25th anniversary last year... and closed its first store in Shenzhen. The event is not unique - since 2018, the network has been rapidly reducing its presence in China. What went wrong — said Retail. The first Walmart hypermarket opened in China in 1996: it is located in Shenzhen, one of the richest and most developed cities in the country, neighboring Hong Kong. Walma...
The IEA raised the forecast for oil production in Russia in 2022 by 260 thousand barrels per day.
The previous IEA forecast assumed that Russia would produce 10.6 million barrels per day in 2022, but now the IEA believes that the average annual production will be at the level of 10.86 million,which is “comparatively little different from 2021” The International Energy Agency (IEA) increased by 26......
Biden signs chip investment bill to compete with China
The $52.7 billion subsidy law for U.S. chipmakers aims to "strengthen U.S. manufacturing, supply chains, and national security"indicated in the White House Joe Biden US President Joe Biden signed a bill to provide $52.7 billion in subsidies for semiconductor manufacturing and research. The law should make the US more competitive with China in this area, the White House press office said. “The futu...
A Special Case: Which Indicates the Beginning of a Recession in China Chinese
GDPcontinues to grow. Despite this, some experts believe In the second quarter , China achieved GDP growth of 0.4% compared to last year. However, no matter how the authorities of the Celestial Empire try to present this news in a rosy light, the economic situation in the country remains uncertain. A wave of "mortgage boycotts" (in China, people massively refuse to pay for the mortgage of houses w...
Experts have recorded a decrease in business conflict in Russia during the crisis
The business conflict index fell by 4%, but still remains “unprecedentedly high,” experts say.The largest increase in the level of conflict was recorded in the Magadan region In Russia, there is a decrease in the level of conflict in the business environment. This was reported in the Bulletin of the Business Environment Conflict Index (Index A1), created by the investment company A1 and the Moscow...
New fever-causing genipavirus identified in China
In China, 35 patients have been identified with a fever believed to be caused by a new virus that can be transmitted from shrews to humans. A study on the pathogen was published by scientists from Beijing and Singapore in early August in The New England Journal of Medicine. During epidemic surveillance of patients with symptoms of fever in East China, the Langya henipavirus (LayV) virus was detect...
USA: 31 Week 2022 Pig Market Review
Pig futures returned to a 13.5-month high hit on Wednesday. August lean hog futures on the CME rose 0.175 cents to 120.825 cents a pound, while the most active October contract added 0.8 cents to 98.4 cents. The month ahead hog contract hit its highest level since June 2021 on Wednesday, peaking at 12......
Rabobank: ASF, inflation and politics hinder growth in global pork market as trade prospects improve
The global pork trade should pick up in the second half of 2022. A slight decline in feed costs and strong consumer demand are improving the market outlook. However, growth challenges remain as African swine fever continues to spread and inflation affects trade policy. The cost of feed and energy provides respite, but not exactly relief. Feed prices have declined in some markets but are expected ....
Nancy Pelosi's visit to Taiwan. Chief
Speaker of the US House of RepresentativesNancy Pelosi made a 20-hour visit to Taiwan.All the details of the scandalous trip - in the material of RBC Actual by 13:40 US House Speaker Nancy Pelosi's plane left Taipei International Airport. The American politician spent 20 hours on the island. In Taipei, Pelosi visited the country's parliament and met with representatives of the island's administrat...
Nancy Pelosi flew to Taiwan. Chief
Speaker of the US House of RepresentativesNancy Pelosi flew to Taiwan. Beijing advised Americans to get rid of fantasies. Up-to-date at 11:55 The plane of the speaker of the US House of Representatives Nancy Pelosi landed in Taiwan, at the Taipei International Airport. After leaving the plane, Pelosi immediately made a statement about the inadmissibility of attempts to unilaterally violate the sov...
The United States accused China of unwillingness to share information about coronavirus
During a telephone conversation with Chinese President Xi Jinping, US President Joe Biden raised the topic of public health security and transparency in this area, including in connection with the COVID-19 pandemic , White House spokeswoman Karine Jean- Pierre. “We said we need more data to figure out the origin of the pandemic. We continue to work with our partners around the world to get China t...
The IMF warned of the risk of geopolitical splitting of the world
A special operation in Ukraine could lead to the fragmentation of the world economy into geopolitical blocs. This will prevent countries from jointly fighting global problems, including climate change, The International Monetary Fund (IMF), along with traditional economic and financial risks (tightening of monetary policy, slowdown in economic growth in China, rising energy prices, etc.), attribut...
Brazilian beef exports hit a record high in the first half of the year
Sales of beef in the Brazilian market are growing at a slow pace. In this scenario, along with strong dollar-to-real values, slaughterhouses continue to target the international market. As a result, the volume of beef exported by Brazil in the first half of 2022 and the revenue generated reached a record high for this period. Importantly, this is supporting domestic feedstock prices, which remaine...
Russian fishermen announced refusals to repair ships in European ports
Fishing companies have faced massive refusals from foreign ports to repair Russian vessels. Since domestic shipyards cannot serve this fleet, Representatives of large fishing companies, as well as specialized associations, told RBC about the difficulties that have arisen in recent months with the repair of the fishing fleet. In recent years, more than two-thirds of the large and medium-sized fleet...
Poultry meat exports doubled, beef supplies also increased by 40%.
In 2022, Russia continues to actively develop the export of agricultural products: it grew by 17% compared to the same period last year. In particular, export supplies of poultry meat, which have doubled, and beef - by 40%, demonstrate good dynamics. This was announced by the Ministry of Agriculture following a working meeting of representatives of the agricultural department abroad with the heads...