Insights and Stories of Polina Devitt

Jun. 18, 2015 at 4:34 pm CDT

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 […]

By maha-el-dahan, Polina Devitt

Apr. 30, 2015 at 11:49 am CDT

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 […]

By Polina Devitt

Mar. 5, 2015 at 11:53 am CST

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 […]

By Polina Devitt

Mar. 4, 2015 at 4:44 pm CST

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 […]

By darya-korsunskaya, Polina Devitt

Dec. 28, 2014 at 3:34 am CST

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 […]

By Polina Devitt