Members of the US Department of Agriculture (USDA) Animal and Plant Health Inspection Service (APHIS) are still in negotiation with Russia after a temporary ban was announced on imports of soybeans and corn.
To capitalize on an expanding Russian livestock market, Kemin has set up a local subsidiary with the aim of building a feed facility about 500km from Moscow.
The US Department of Agriculture (USDA) has raised its forecast for projected EU feed wheat supplies for 2014/15 by 2.5 million ton in its World Agricultural Supply and Demand Estimates (WASDE), which were published this week.
A leading economist says that industry sources and analysts predicting the Russian wheat export ban will have little impact on EU food prices are “naïve”, and overlook the fact that major futures contracts for Russian wheat are now worthless.
