#AceFinanceNews – MOSCOW – March 24 – World grain prices continue to rise because of unfavourable weather conditions in the United States, as well as due to the importers’ apprehension over the possible drop in grain shipping from Black Sea ports in connection with the in-stable situation in Ukraine, Russia’s Agriculture Ministry said in a monitoring report on the situation on the agro-industrial markets.
Over the third week of March, soft wheat average prices in the United States rose by 5% to 300 US dollars per tonne.
The previous week, the prices had already gone up by 10 dollars (3.6%) to 286 dollars per tonne.
Meanwhile, the Russian grain export in 2013-2014 agricultural year (since the beginning of July 2013) reached 19.7 million tonnes, increasing by 41% compared with the previous similar period.
Russian Commodity News
#AceFinanceNews – MOSCOW – March 24 – Former Russian Deputy Agriculture Minister Alexei Bazhanov is placed on international wanted list. Tverskoy court in Moscow said this on Monday at hearings of
Bazhanov’s absentia arrest for embezzlement of more than 1.1 billion rouble credit that Russian agricultural bank Rosselkhozbank gave to refined sunflower oil-producing holding Masloprodukt.
“At first, Bazhanov was put on the federal, then on international wanted list,” his lawyer said at the court session.
The detective asks to sanction absentia arrest of Bazhanov who escapes justice outside Russia.
For his part, the lawyer of the former senior official asks to satisfy this request, because she finds it illegal and groundless.
The lawyer also attached to case files medical documents saying that Bazhanov is undergoing treatment abroad.
Bazhanov is a defendant in the criminal case over embezzlement of 1.1 billion rubles of state funds belonging to Russian largest leasing company Rosagroleasing.
Three criminal cases merged at the trial are being investigated against the former senior official.
Russian Media and News Sources