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EU wheat stuck near contract lows
EU wheat stuck near contract lows

Business Recorder

time3 days ago

  • Business
  • Business Recorder

EU wheat stuck near contract lows

PARIS: Euronext wheat prices edged down on Friday to trade near contract lows as further signs of Russian export competition reinforced a bearish mood fuelled this week by improving global supply prospects. September milling wheat, the most active position on Paris-based Euronext, settled at 200.75 euros a metric ton, down 0.6%. It held close to a contract low of 200.25 euros set on Thursday but again remained above the psychological floor of 200 euros. December futures, also used as a benchmark for the 2025 crop, ended down 0.5% at 212.25 euros, near a contract low of 211.25 euros from early May. Russia needs to act swiftly to maintain its position as the world's top wheat exporter, Deputy Prime Minister Dmitry Patrushev said on Friday, acknowledging a sharp slowdown in wheat exports in the current season. Patrushev, who is responsible for agriculture in the government, said Russia will export 44.5 million metric tons of wheat in the 2024-2025 season. That was down sharply from last season but still above some analyst estimates for this season. On Thursday, agricultural consultancy Sovecon raised its forecast for Russia's wheat exports for the 2025-2026 season, citing improved weather conditions for the harvest. An upturn in Russian export activity could further dim Western European prospects after a slow season. 'With only June remaining in the season, a heavy EU wheat end-stock and a large incoming crop are anticipated,' British merchant Frontier Agriculture said in a note. Rain in parched areas of northern Europe in the past week has eased drought concerns. French wheat crop conditions declined in the week to May 26 but less sharply than in the previous week, data from farm office FranceAgriMer showed on Friday. Uncertainty over international trade relations also hung over the market. US President Donald Trump said on Friday that China had violated an agreement with the US to mutually roll back tariffs and trade restrictions for critical minerals. Volumes on Euronext were light, with some participants taking a long weekend after Thursday's Ascension Day holiday in some European countries.

Patrushev: Russian Baltic Fleet Ensures Maritime Security
Patrushev: Russian Baltic Fleet Ensures Maritime Security

Saba Yemen

time18-05-2025

  • Politics
  • Saba Yemen

Patrushev: Russian Baltic Fleet Ensures Maritime Security

Moscow - (Saba): Nikolai Patrushev, Assistant to the Russian President and Head of the Russian Maritime Authority, announced on Sunday that the Russian Baltic Fleet is strengthening its positions amid the current complex military-political situation, ensuring safe navigation and repelling provocations by the naval forces of unfriendly states. According to Sputnik, Patrushev stated on his Telegram channel on the occasion of the Baltic Fleet's founding day: "Amid the complicated military-political situation, the fleet continues to strengthen its positions, reliably ensures the safety of navigation, repels provocations from the naval forces of unfriendly states, and hones its skills through exercises in the Baltic Sea and long-distance voyages." Patrushev emphasized that the sailors of the Baltic Fleet carry out their duties with honor to protect the nation's maritime borders. He added: "The Baltic Fleet, founded by Peter the Great, is truly the cradle of the Russian Navy. Its entire history stands as a testament to heroism, courage, boldness, and loyalty to the homeland." Earlier, Patrushev noted that NATO's European wing continues its policy of attempting to blockade Russia in the Baltic region, ignoring the possibility of resuming dialogue between Moscow and Washington. He warned of a high likelihood of increased threats to Russian port infrastructure and freedom of navigation, stressing that Moscow will not allow any infringement on its national interests in the Baltic. He affirmed that strengthening Russia's military presence in the region is a guarantee of its sovereignty in this strategic direction. Whatsapp Telegram Email Print more of (International)

Black Sea Fleet Confronts NATO Threats, Continues to Successfully Carry Out Its Missions
Black Sea Fleet Confronts NATO Threats, Continues to Successfully Carry Out Its Missions

Saba Yemen

time13-05-2025

  • Politics
  • Saba Yemen

Black Sea Fleet Confronts NATO Threats, Continues to Successfully Carry Out Its Missions

Moscow - (Saba): Nikolai Patrushev, Assistant to the Russian President and Chairman of the Maritime Council, affirmed that the Black Sea Fleet is successfully performing its missions within the framework of the special military operation and is effectively countering NATO threats and provocations. This came in a congratulatory message on the occasion of Black Sea Fleet Day, celebrated annually on May 13. Patrushev praised the heroism and dedication of the fleet's sailors in protecting Russia's southern borders, wishing them health and success. The Black Sea Fleet is a strategic force in the Russian Navy, comprising submarines, warships, fighter aircraft, and coastal forces. Founded in 1783 in Sevastopol, it is considered a security pillar in southern Russia. Whatsapp Telegram Email Print more of (International)

The West is stepping up maritime terrorism
The West is stepping up maritime terrorism

Russia Today

time30-04-2025

  • Politics
  • Russia Today

The West is stepping up maritime terrorism

The Western countries are targeting Russian vessels with more and more acts of sabotage and terrorism as part of a wider push to impose a maritime blockade of the country, President Vladimir Putin's national security adviser Nikolay Patrushev has said. The presidential aide, who chairs Russia's Maritime Board, made the statement during the body's meeting on Sunday. 'There is a consistent increase in NATO's military activity in the Baltic and North Seas, in the North Atlantic and the Asia-Pacific region,' Patrushev said. 'Western countries have expanded the practice of taking deliberate steps towards establishing a naval blockade,' including 'attempts to inspect ships in international waters and to commit sabotage and terrorist acts,' he said. Patrushev has previously warned that any attempts by the EU and UK to expel Russian vessels from the seas will be met with a 'proportionate' retaliation. If law and diplomacy fail, 'the security of Russian shipping will be ensured by our navy. The hotheads in London or Brussels need to clearly understand this,' he told the press last week. Western countries tightened maritime restrictions on Russia following the escalation of the Ukraine conflict in 2022, sanctioning a number of vessels and limiting their access to naval insurance, financial institutions, and port infrastructure. Over the past year and a half, after a spate of incidents involving damaged undersea power and communications lines, Western officials have accused Moscow of 'sabotage' and waging 'hybrid warfare.' Despite claims of the alleged involvement of Russian ships passing over the infrastructure, no conclusive evidence has been brought forward. NATO states have progressively ramped up their military presence in the Baltic Sea in the wake of the allegations. According to Patrushev, the US-led military bloc has been practicing imposing a naval blockade in the Baltic and Black seas during its military drills, as well as seizing the Russian exclave of Kaliningrad, following preemptive strikes on Moscow's nuclear deterrent forces.

NATO Plotting 'Takeover' of Russia's Baltic Stronghold, Putin Aide Claims
NATO Plotting 'Takeover' of Russia's Baltic Stronghold, Putin Aide Claims

Newsweek

time29-04-2025

  • Politics
  • Newsweek

NATO Plotting 'Takeover' of Russia's Baltic Stronghold, Putin Aide Claims

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Russian President Vladimir Putin's aide Nikolai Patrushev claimed on Tuesday that NATO is plotting to seize Russia's Kaliningrad, an exclave surrounded by members of the military alliance. Patrushev, who previously served as secretary of Russia's Security Council, made the comment in an interview with Kremlin newswire Tass. Newsweek has contacted NATO for comment by email. Why It Matters Patrushev, one of Putin's closest allies, previously worked alongside the Russian leader at the KGB in St. Petersburg. He is a prominent advocate of the Kremlin's hard-line policies and has publicly defended Putin's decision to launch the full-scale invasion of Ukraine. Frequently touted as the most-likely successor to Putin, Patrushev's views are widely seen as closely aligned with those of the president. File photo: Vladimir Putin, right, accompanied by Nikolai Patrushev, listens on in Moscow, January 16, 2020. File photo: Vladimir Putin, right, accompanied by Nikolai Patrushev, listens on in Moscow, January 16, 2020. MIKHAIL KLIMENTYEV/SPUTNIK/AFP/Getty Images What To Know Kaliningrad is a strategically important Russian port city on the southern coast of the Baltic Sea, located in Kaliningrad region. It is a territory separate from the rest of Russia and bordered by NATO members Lithuania and Poland. Patrushev alleged that NATO forces are actively rehearsing for the region's capture under the guise of routine military exercises in the Baltic Sea. Last June, about 9,000 troops from 20 NATO countries took part in drills in the area, which involved submarine detection, sea mine sweeps, landings and medical response to mass casualty scenarios. And this week, NATO's maritime search-and-rescue exercise, Dynamic Mercy, kicked off in the Baltic Sea. Patrushev has previously accused the West of seeking to logistically isolate Kaliningrad. "The countries of the West are trying to complicate cargo and passenger transit to Kaliningrad to the maximum extent in order to isolate the Kaliningrad region and to disrupt transport links with the main territory of Russia," Tass quoted Patrushev as saying last fall. Patrushev's remarks come at a time of escalating tensions between Russia and the West, driven largely by the ongoing war in Ukraine. Western intelligence agencies have increasingly warned of the growing risk of direct confrontation between Russia and NATO in the near future. Meanwhile, in a show of force, Russia carried out military drills off Kaliningrad's coast in recent weeks, practicing using hypersonic missiles to repel a simulated air and sea assault. What People Are Saying Nikolai Patrushev told Tass in an interview published on Tuesday: "For the second year in a row, NATO is holding the largest exercises in decades near our borders, where it is practicing scenarios of offensive actions over a large area—from Vilnius to Odesa, the takeover of the Kaliningrad region, the blocking of shipping in the Baltic and Black Seas, and preventive strikes on the permanent bases of Russian nuclear deterrent forces." What Happens Next Russia and Belarus are planning to conduct a joint strategic exercise this fall dubbed Zapad 2025. It is expected to "simulate a large-scale conflict with NATO and will likely feature cyberattacks, nuclear signaling, and pressure across the Baltic Sea and High North," according to the Center for European Policy Analysis think tank.

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