Author Archives: CrispConsulting

Russia. Trade Shows. April, 2011

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5 – 7 April St. Petersburg, LenExpo

InterFood 2011 The 15th International Food, Beverages and Ingredients Exhibition

Organized by: RESTEC

www.restec.ru

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5 – 7 April St. Petersburg, LenExpo

ProdTech 2011 Annual International Exhibition for Equipment, Packaging and Technology for the Food Processing Industry

Organized by: RESTEC

www.restec.ru

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5 – 7 April Volgograd, Sport Palace

Food Industry Forum Specialized Forum for Food Industry, Equipment and Raw Materials

Organized by: Exhibition Centre “Tsaritsinskaya Yarmarka”

www.zarexpo.ru/events/1020/

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7 – 9 April Krasnoyarsk, Exhibition Centre “Sibir”

HoReCA 2011 Siberian Hospitality Forum. Exhibition for Food, Beer and Beverages

Organized by: CJSC “Krasnoyarskaya Yarmarka”

www.krasfair.ru

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20 – 22 April Yekaterinburg, InExpo

Shop. Restaurant. Hotel. The 12-th Specialized Trade Show

Organized by: Ural Expocentre

www.uralex.ru

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26 – 28 April Moscow, CrocusExpo

Filling Technology 2011 The 4th International Exhibition for Beverages and Filling Technologies

Organized by: For-Expo Ltd.

www.expodrinks.ru/eng/

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26 – 28 April Moscow, CrocusExpo

Pivovar-2011 (Brewer-2011) The 6th International Specialized Exhibition for Brewing Industry

Organized by: For-Expo Ltd.

www.pivoexpo.ru/eng/


http://www.restec.ru/exhibitions/featured/interfood/index.ru.html

X5 Retail Group to Impose Obligatory Nitrates Concentration Tests for Fresh Produce

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X5 Retail Group reported that it imposes obligatory nitrates concentration control in all of its distribution centers. Until now such tests were carried out occasionally by specialized laboratories – only during high season or when the imported fruit and vegetables looked suspicious.

The company acquired 17 mini-labs and 17 portable testers, registered in the State registrar of measurement devices, which allow carrying out primary express-checks of the nitrates level directly near the truck.

X5 Retail Group is Russia’s largest retail company which owns “Pyaterochka”, “Perekrestok”, “Karusel” retail chains and discounter chain “Kopeyka”.

Source: www.business-magazine.ru/spb

Russian Retail Companies Become Importers to Reduce Price Growth

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Fruit import can hardly be considered as a high-yield business: the average profitability is about 5% due to the intense competition and the companies’ liability to keep the price level low. Direct import allows to improve the quality of the product range by reducing the supply chain and to make the retail prices more competitive.

Among the largest Russian retailers it is only X5 Retail Group which isn’t planning to become an independent importer. Russian retail chain Dixy has started its own import of fruit and vegetables which account for 12% of the total turnover. At the moment the chain imports 50 items of this category – about a half of the fruit and vegetables range.

Metro Group Buying provides Metro Cash & Carry with 80% of the imported produce. The company’s representative says that the share of the imported goods will grow. The French hypermarket chain Auchan imports fruit and vegetables from Spain and Portugal.

Source: www.foodretail.ru

Fruit import can hardly be considered as a high-yield business: the average profitability is about 5% due to the intense competition and the companies’ liability to keep the price level low. Direct import allows to improve the quality of the product range by reducing the supply chain and to make the retail prices more competitive.

Among the largest Russian retailers it is only X5 Retail Group which isn’t planning to become an independent importer. Russian retail chain Dixy has started its own import of fruit and vegetables which account for 12% of the total turnover. At the moment the chain imports 50 items of this category – about a half of the fruit and vegetables range. Metro Group Buying provides Metro Cash & Carry with 80% of the imported produce. The company’s representative says that the share of the imported goods will grow. The French hypermarket chain Auchan imports fruit and vegetables from Spain and Portugal.

Regions Ranked for Business Climate

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As a place to do business, Tatarstan came in first and Moscow last in a survey, conducted by the New Economic School. The survey listed 15 obstacles to business success and asked participants (100 CEOs in each of 10 regions) to rank them in terms of significance. Moscow respondents indicated all but one problem were worse in the city than they are nationwide.

The other regions participating in the survey were Irkutsk, Kaluga, Perm, Rostov, Tver, Tomsk, Voronezh and St. Petersburg. The researchers identified the four most common problems for all of the regions: lack of skilled work force, strained access to funding, corruption, and competition from the “gray” rivals. However, the business environment was very diverse in these regions.

Source: www.themoscowtimes.com

The Country with the Highest Number of Billionaires

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According to Forbes the USA with 413 US Dollar billionaires of the total 1,210 in the world tops the list of highest number of billionaires. China with 115 billionaires ranks number 2. Russia boasts 101 US Dollar billionaires and ranks number 3 in the list. During 2010 their number in Russia has grown by 30%; in China by 47% and in the USA by only 3%.

Source: http://top.rbc.ru/economics/

Ruble hits 2-year high against dollar

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The Russian ruble hit fresh highs Wednesday, a day after the central bank announced it had widened the trading corridor it uses to manage volatility in the currency.

Russia’s currency closed at 28.55 rubles against the dollar, its highest level since December 2008. It traded at 33.31 rubles against a basket of euros and dollars, its highest level in two years.

A wider trading corridor is intended to promote a stronger ruble and help the central bank keep a lid on inflation, which has surged amid a crippling drought last summer and a rapidly growing money supply.

The currency may strengthen to 33.0 rubles versus a basket of dollars and euros as traders try to test the currency’s new trading corridor, which was widened to five rubles by the central bank, VTB Capital said.

Source: online.wsj.com

Walmart cashes out of Russian Retail

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Walmart is not the only major international retailer to pull out of Russia in recent years after failing to establish a viable business in the country. In October 2009, French retail giant Carrefour announced it was pulling out after opening just one shop in Moscow and another in the southern city of Krasnodar.
The discount retail sector in Russia, where Walmart operates, is severely underrepresented.
There are only two international hypermarket chains, Auchan and Real, operating in this sector, so the market is certainly not saturated. Walmart International CEO Doug McMillon said that Walmart will continue to pursue market entry opportunities

Source: en.rian.ru

Russia’s Inflation Rate Higher than in the Ukraine and Belorussia

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Rosstat (Russia’s State Statistics Office) with reference to Eurostat reported that in January 2011 inflation in Russia was the highest in Europe. In January 2011 the inflation rate was as high as 2.4%. The average inflation rate in 2010 was reported to be 8.8%.

As for food prices, during January-February 2011 they have risen by 3.2%, the annualized price growth in 2010 was 16.4%.

Source: http://top.rbc.ru/economics/

Russia. Trade Shows. March, 2011

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14 – 16 March Moscow, CrokusExpo

IFFF International Fast Food Fair

Organized by: ITE LLC Moscow

www.fastfoodexpo.ru

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15 – 18 March Moscow, VVC Exhibition Center, Pavilion 75

Ingredients Russia 2011 14th International Exhibition “Food Ingredients, Additives and Flavourings”

Organized by: ITE LLC Moscow

www.ingred.ru

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15 – 18 March Moscow, VVC Exhibition Center, Pavilion 75

TechnoFood 2011 International Exhibition for Packaging & Processing of Raw Materials for Food Industry

Organized by: ITE LLC Moscow

www.techno-food.ru

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31 March – 3 April Sochi, Passenger Ship Terminal

Hospitality and Entertainment Industry

Organized by: Sochi Administration, Trade and Commerce Chamber Sochi

www.sochi-expo.ru


www.ingred.ru

BRIC countries in top 5 global grocery markets by 2015

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Joanne Denney-Finch, chief executive, IGD, says: “In 2015, the combined grocery markets of Brazil, Russia, India and China will be worth €2,194 billion and they will have a collective population of more than 3 billion people.

Many retailers and manufacturers have already built a strong presence in these countries, but for those that haven’t, it’s vital that they incorporate the BRIC markets into their strategic planning in order to sustain business growth.”

Growth in Russia is predicted to accelerate over the next four years, with its grocery market doubling in value from €194 billion to €394 billion in 2015, taking it from seventh to fourth position.

Source: www.franchise-plus.com