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Russia announces plans to boost biofuel production

The Russian government plans to launch a program aimed at producing up to 2 million metric tons of biofuel this year, the prime minister Viktor Zubkov said on Wednesday.

12 March 2008 : 12

Biofuel plant to be built in Tambov Region

The former deputy chairman of the Gazprom board, Alexander Ryazanov, has decided to build a biofuel plant for exporting fuel to Europe and the United States as it is unprofitable to sell biofuel in Russia. The cost of the project is 220 million euros.

12 March 2008 : 1

International Grain Council expects record high wheat crop in 2008

«Most major producers expect larger wheat crops in 2008 as high prices prompt increased plantings. Production is forecast at a record 646 ml tons, 42 ml tons more than in 2007. Weather conditions in winter wheat areas in the EU and the CIS remain favorable but in the US a lack of rain in the southern Plains is causing concern, and severe frosts may have damaged China's crop. Spring wheat areas in North America need more rain,» IGC said in its monthly report.

9 March 2008 : 1

Titan Presented Project "Biocomplex" in Krasnoyarsk

The Omsk region presented the «Biocomplex» project of the «Group of companies „Titan“. The project assumes creation of the complex of hi-tech manufactures in region using deep processing of agricultural raw material, including production of bioethanol.

7 March 2008

Bush Says US Must 'Get Off Oil '

President Bush says America's search for alternative sources of fuel is a national security priority as well as an economic necessity.

5 March 2008 : 1

Bioethanol complex to be built in Russia city

OMSK, February 26 (Itar-Tass) — The infrastructure of Russia's first biotechnological complex for production of an ecologically clean doping agent for engine fuels has been begun an in the city of Omsk. The enterprise is to turn out 150,000 tons of bioethanol a year.

27 February 2008

Germany Grain and Feed: Grain Crop Forecast at 47 MMT

FAS Germany forecasts a bigger grain crop of 47 MMT for Germany for 2008/09. Crop area is estimated to rise by 5.5 percent and yields are expected to be up by 10 percent.  Due to the relatively low grain harvest in 2007 German grain prices continue to trend upward. Some processors are expected to get short later in the marketing year. Despite domestic high prices, there are reports of at least one shipment of German high protein wheat to the United States.

26 February 2008 : 1

Oil prices drive the cost of food.

Oil prices have reached the mindboggling level of $100 per barrel.Analysts wonder when they will soar to $110 or even $120, while exporting countries are counting future revenues, car owners shuddering at the prospect of prohibitive gas prices, and macroeconomic specialists are trying to forecast the rate of inflation adjusted to the potential growth of gasoline prices.

22 February 2008

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