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Top related persons:
Andrei Kostin - 1 Demetra - 1 VTB - 1 It's - 1 Kostin - 1 Vadim Moshkovich - 1 Guy Faulconbridge - 1 Elena Fabrichnaya - 1
Top related locs:
MOSCOW Russia China
Top related orgs:
United Grain Company - 1 Thomson - 1

Search resuls for: "United Grain Company"


2 mentions found


☆ Exclusive: VTB to sell one of Russia's biggest grain traders, Demetra-Holding, CEO Kostin says
  + stars: | 2023-06-09 | by ( ) www.reuters.com   time to read: +1 min
MOSCOW, June 9 (Reuters) - VTB, Russia's second largest bank, will sell its stake in one of Russia's biggest grain traders, Demetra-Holding, and is in negotiations with both Russian and foreign buyers, CEO Andrei Kostin told Reuters in an interview. Demetra has a network of grain elevators, major deep sea grain terminals and its own logistics. It owns a non controlling stake in major grain trader United Grain Company (OZK). It's decided," Kostin told Reuters. Kostin said VTB saw few prospects for itself in the grain business, adding that a sanctioned bank in the shareholding hindered the holding.
Persons: Andrei Kostin, Demetra, VTB, It's, Kostin, Vadim Moshkovich, Guy Faulconbridge, Elena Fabrichnaya Organizations: Reuters, United Grain Company, Thomson Locations: MOSCOW, Russia, China
☆ Russia's December wheat exports close to record, experts say
  + stars: | 2022-12-07 | by ( Polina Devitt | Thomson Reuters | Senior Commodities Correspondent In Russia Writing About Metals | ) www.reuters.com   time to read: +4 min
Russia is on track to harvest a record grain crop of 150 million tonnes, including 100 million tonnes of wheat, in 2022. SANCTIONS CAUSE SOME LOSSESSovecon and another consultancy IKAR see December wheat exports at 4.0-4.2 million tonnes. That is close to the record of 4.3 million tonnes set in December, 2017, Sovecon said, adding that Russia exported 4.3 million tonnes of wheat in November. Sovecon expects Russia's July-December wheat exports at 22.9 million tonnes, up 2% year-on-year and equal to the average of the past five years. It estimates Russia's total 2022/23 grain exports at 56.1 million tonnes, including 43.7 million of wheat.
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