which is a great cultural sector has lost around one billion dollars due to the drought the ministry of agriculture says more than a quarter of its arable land was damaged with sixteen thousand farm reporting losses of all majority of the cost of the drought will be borne either by the farmers themselves or the government insurance industry will be making some payouts but due to the low level of coverage in the sector its losses will be minimal and there's the country's need to ensure explains this is not an ideal state of affairs due to the fact that they put information level is not so deep and roughly ten percent of for agricultural prices i've been assured they impact could be much more a deeper. level of penetration is higher the second. is that the weather conditions and the development of insurance industry in their agricultural here demonstrate the necessity of your regulations and new attitudes of the states towards agriculture insurance. russian stock markets and it must be practically changed with many investors taking a break in the last week of the holiday season for russia's largest o

now russia's agricultural sector has lost around one billion dollars due to the drought the ministry of agriculture says that twenty six percent of our land was damaged with sixteen thousand farms reporting losses forty million tonnes of grain have been harvested so far mainly from the worst hit european areas of russia the industry is now looking to the harvest in siberia where it's just starting. so for the stock markets now moscow is clearly moving in sluggish off the new trade with russia's largest. holding its one percent loss from the morning after the price of light sweet six week lows. exchanges are inching up over in europe or mergers and acquisitions talk from financials old mutual gained almost five percent off the h.s.b.c. said it could take over its parent company but insurer lost more than three percent as a forty nine percent drop in first half net. for a closer look at the markets and in particular what's happening with commodities i'm joined by simon denham from the capital group simon thanks for speaking to us wall street's open high after some big takeover bids is the m. and a ma

russia this year will amount to three million tons in line with the forecast from russia's ministry of agriculture the decision to halt shipments abroad was made after a drought hit the agricultural sector this season grain production is to decline by fifteen million tonnes globally half of which results from russia's reduction harvests in ukraine and cotherstone are expected to fall between two point five and three million tons of the european union the drop could be over four million tonnes . and a first deputy prime minister viktor zubkov has officially stated that the government will not entertain any changes to the upcoming temporary ban on grain exports. the temporary ban on green exports has been approved a movie effective from the fifteenth of august until the thirty first of december this year there will be absolutely no changes not in the length of the ban for any other reasons the decision has been made in order for the domestic market to return to regular levels of business. but as drought is also pushing up flour prices on the other side of the globe we now cost five hundred percent m

russia this year will be about two three million tons in line with the forecast from russia's ministry of agriculture the decision to hold shipments abroad was made after a drought hit agricultural sector this season grain production is to decline by fifteen million tonnes globally however which results from russia's production the harvest in ukraine in kazakhstan are expected to fall between two point five and three million tons is the european union the drop could be over four million. as first deputy prime minister viktor zubkov has officially stated that the government will not into tain any changes to the upcoming temporary ban on grain exports. the temporary ban on grain exports has been approved and will be affected from the fifteenth of august until the thirty first of december this year there will be absolutely no changes not in the length of the ban for any other reasons the decision has been made in order for the domestic market to return to regular levels of business. russian regions hit with record temperatures and small girls are saying price hikes for fans on air conditioning is at a c

of agencies reporting a loss fell thirty four percent. but it's not the same picture for russia's agricultural sector has lost around one billion dollars due to the drought the ministry of agriculture says more than a quarter of our whole land was damaged but sixteen thousand farms reporting losses and it will be farmers themselves or the government who apparently the vast majority of the cost of that are out there the insurance industry will also be making some payouts russia's largest insurer currently estimates its liabilities at twenty million dollars and says these a likely to grow. premium income often goes through. two thousand. in the segment or go to insurance was two into million so it's already percent loss ratio. and. so by the end of this year probably three share would be much more than one hundred percent. is that means that it is a loss to the business. time now to check out the markets neighboring asia stock markets the lower it is cheese day wait by law for the move treated with night as well as concerns of the pace of play will economic growth in japan the nikkei slumped to a fifteen month life and exported stocks because we're plotting against aro

how do i welcome to our business program here in our thanks for joining me russia's ministry of agriculture has cut its grain harvest forecast for this year to between sixty and sixty five million tons that's around thirty percent lower than in two thousand and nine and according to prime minister that he would put in the ban on grain export won't be lifted anytime soon. even with the harvested we will cover our domestic needs you know this year the question is what the country will have next two years we don't know what the harvest will be and we don't know what we will carry out this year we will review our decision to ban grain imports only in line with what the what's the problem is that we're not able to seed winter crops because of the heat lifting the more unhappy. for more and the effects the drought and forest fires in russia will have on global food prices where now drawing live from london karen award chief global economist at h.s.b.c. hello to karen thanks for joining now we see the price of barley which is used for feed it's already doubled in the past six weeks could the cost

of business with kareena. hello and welcome to our business program because i have you with us russia's agriculture ministry has cut its forecast of grain harvest for this year to sixty sixty five million tons that's around thirty percent lower than in two thousand and nine and as prime minister vladimir putin says the battle for russia's grain exports won't be lifted anytime soon we're told she was a crew even with the harvest apparently we will cover our domestic needs you know this year the question is what the country will have next year still a she said we don't know what the harvest will be and we don't know what we will carry out this year we will review our decision to ban grain imports into the only in line with what the what's the problem is that we are not able to seed winter crops because of the heat lifting the ban and more unhappy. russian markets finished the day in the black with the r.t.s. game point seven percent and i'm isaac's getting slightly over percent hydro gas probably going to be over the top performers on the rise extending over one of the sad well north of the top player on the r.t.

plants which he hopes will produce one hundred thousand tonnes of meat a year that's roughly forty million birds the agriculture ministry in minsk reports that luke has responded favorably to the proposal and is considering the idea. that's the late this week of five all stories on our website. as. wealthy british scientists are. sometimes right sometimes. markets why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report. on . more news today violence is once again fled the film these are the images the world has been seeing from the streets of canada. trying to corporations are on the day. signed up to join the military because i thought that it was my duty not that it was something that i could do to help my country i believe my government that it is necessary for americans to vietnam there was a lot of drug abuse there was a lot of murder of american officers by american soldiers there were a lot of good stories. to go out and buy. these all the war i always thought i wanted to win a lot of medals an

department of agriculture the agency estimates that grain exports from russia this year will amount to three million tons in line with the russian agriculture ministries for cost the country has exported one point six million tonnes already i could ship another point seven million before an export ban comes into effect on the fifteenth of august the decision to halt exports was made after a drought hit the agricultural sector at this season russian president dmitri medvedev has also called for changes in insurance registration to avoid climate risks and to provide farmers with additional support. and russia's drought is pushing up flour prices on the other side of the globe weeks now cost twenty percent more in mexico which has to get half of its supplies from the board ahead of the country's national chain before bread production says he expects prices to rise by another twenty percent during august as the russian grain export ban comes into effect. russian regions that have been hit with record temperatures and small also seeing price hikes for fans and air conditioners the cost of buying them has tripled as temperatures pushed towards forty celsius

of businesses reporting a loss fell thirty four percent. but it's not the same picture russia's agricultural sector has lost around want to billion dollars due to the drought the ministry about co-chairs says more than a quarter of our bill rand is damaged but sixteen thousand farms reports he will face and it will be followers themselves all the government who apparently better vos majority of the cost of the drought the insurance industry will be making sound payouts russia's largest insurer ingle struck currently estimates liabilities at twenty eight million dollars and says these are likely to cause. the. premium income often goes through or would be in two thousand. in the segment to go to insurance was to enter million so it's already percent loss ratio. and is not. there and so by the end of this year probably three share would be much more than one hundred percent and that is that means that it is a loss to the business. that's a lot of stock markets now and over in asian markets and lower this tuesday wave by losses a real storms overnight as well as concerns over the pace of global economic growth in japan the nikkei slumped to a fifteen month low exporter st

department of agriculture the agency estimates that grave exports from russia this year will amount to three million tons that's in line with the russian agriculture ministry to forecast the country has exported one point six million tons already i could ship another point seven million for an export ban comes into effect on the fifteenth of august the decision to hold exports is made after a drought hit the agricultural sector at the seams and russian president dmitry medvedev has also called for changes in insurance legislation to avoid climate risks and to provide farmers with additional support. the situation is very severe as about a quarter of all grain fields in the country have dried up as a result of the drought unfortunately many films are now on the verge of bankruptcy the government has already agreed to provide financial help to agricultural producers who are faced with hard times ditto to support amounts to one point one billion dollars in additional. support from local authorities. and russia's drought is pushing up flour prices on the other side of the globe wheat costs twenty percent more in mexico which has to get half of it supplied from

agriculture ministry for cost the decision to halt shipments abroad was made after drought hit the agricultural sector this season grain production is predicted to decline by fifteen million tons globally off of which results from russia's production the harvests in ukraine and kazakhstan are expected to decline between two point five and three million tons in the european union the drop could be over for many homes . and russia's drought is pushing up flour prices on the other side of the globe wheats now cost twenty percent more in mexico which. to get half of it supplies from abroad that of the country's national chamber for bread production says he expects prices to rise by another twenty percent during august as the russian grain export ban comes into effect. russian regions that have been hit with record temperatures and smog are also seeing price hikes for fans and air conditioners the cost of buying them has tripled as temperatures pushed towards forty celsius it's a highly competitive market but the federal anti monopoly service is looking at new measures to get consumer prices to cool down. the current state of affairs is outside the monopoly legislation that is when there is a domi

agricultural ministry s'pore gas the decision to haul shipments abroad was made after a drought hit the agricultural sector this season grain production is predicted to decline by fifteen million tonnes globally half of which results from russia's will be docs from the harvest of the harvest in ukraine covets down are expected to decline wish me to have happened three million tons in the european union the drop could be peaceful million tons. the prices in russia may grow by up to fifteen percent this year the price hike is driven by an unprecedented drought and increased demand for dairy products that's according to the cohen are down one of russia's biggest dairy producers. we can calculate the price increase mathematically fifty percent of the price of milk is comprised of the cost overall materials. by sixty percent which means. thirty percent. we have to monitor the situation because consumption is the main indicator for once it starts falling. that's why we have to be very careful and the government should help of course we will see price hikes of ten to fifteen percent but we will try to have it under control. or turn over. not a particularly exciting day for the russian market. trading sessio

may import up to five million tons of grain up to the end of next year but it was the daily reports not named source within the agriculture ministry says the matter has been decided only the details remain the grain is expected to come from kazakstan. time for a quick check on the stock markets exporters in tokyo got a boost on reports the bank of japan will take new steps to fight the rising here and automakers. are up around one and a half percent. the r.t.s. the short top at the start of trade here in moscow energy stocks peers from lukewarm on higher as the price of light sweet stay these above seventy five dollars a barrel the most experienced you see there are closing figures from yesterday it opens in a few minutes time. the big economies of the u.s. germany france and u.k. are at greater risk of a credit rating downgrade than they were previously but still comfortably in the aaa bracket that's according to a new report by the world's biggest ratings agency moody's because but he stresses all countries are carrying unsustainable deficits and that time is running out to impose a solution also points that the world has change

price hikes over all the increased use of electrical appliances in moscow i've seen a nine percent jump in energy consumption in july. russia's agricultural ministry has cut its grain harvest forecasts for this year to between sixty and sixty five million tonnes that's around thirty percent lower than in two thousand and nine and according to prime minister vladimir putin the ban on grain export won't be lifted anytime soon. even with the harvest apparently we will cover our domestic needs you know this year that is the question and the question is what the country will have next two years we don't know what the harvest will be and we don't know what we will carry out over this year we will review our decision to ban grain imports into only in line with what harvest it will have the words of the problem is that we are not able to seed winter crops because of the heat so lifting the word happy. now it's have a quick look at having nation. the shaping up on tuesday in tokyo the nikkei finished in the red despite growth that maxwell to its u.s. stocks rose slightly overnight on talk of the federal reserve. steps to boost a sluggish economic recovery

when compared to the previous dishonest of the shooting season and factories before in particular three percent in the agricultural sector in separate news the ministry is raising its inflation full cost for a year this is still below the level. so i'm going to see how the longest performing in here in russia the r.t.s. is open to just slipping into the red in every trade that follows a day of losses yesterday sentiment is being dominated by periods of news about the u.s. economy and domestic factors of less importance. asian stocks lower on wednesday following declines a move straight in the case time came down down more than one point five percent strongly and putting pressure on exports it's. good news in brief for you know russia second largest breeder retailer has reported in the eleven point three percent increase in first one hundred million dollars. that capital spending today is to be moving company three billion dollars and that opens thirty five markets in some six hundred fifty. to poland now in the country's biggest producer stock spirits is looking to buy a seventy five percent stake in ukrainian near old that's according to newspaper.

particular a three percent slump in the agricultural sector and separate news the ministry raising its inflation for calls for the year but says it will still be low level of two thousand and nine. the most powerful porsche the safe is jack you are the most expensive bentley are among the cars making their debuts at the international motor show which is opened here in moscow eighty companies from twelve countries are taking part in the event and is expected to be somewhat of a celebration given the recent boom in call sales in the russian market investing honda liveries grew nine percent in the first seven months of the year and jumped forty eight percent in july are covered widely thanks by the state funded cash for clunkers program the farm vehicles are also growing in demand we'll have the latest from the event next hour here on christmas. time now see how the markets are performing and here in russia stocks are trading in their range of trade but they also yes slipping into the red it follows a day of losses yesterday sentiment is being dominated by the tear related news about the u.s. economy and domestic factors are less important. asian stocks are l

a three percent slump in the agricultural sector in separate news the ministry is raising its inflation forecast for the year it says it will still be lower than the level oftwo thousand and nine. time now for the markets in asia stocks are lower wednesday following declines a more straight or more all u.s. economic data and a k. is tanking now down more than two percent with a strong yen to pressure on exporters. here in russia the stocks it is choosing is trading session in the red top oil producer rose net shed another two percent as the price of light sweet sweet neighbor seventy two dollars a barrel. and some news in brief for you now russia's second largest food retailer needs has reported an eleven point three percent increase in first half profits one hundred thirty seven million dollars the company as that capital spending for this year may reach one point three billion dollars i was open thirty hypermarkets and some six hundred fifty convenience tools. to poland and the country's biggest vodka producers stock spirits looking to buy a seventy five percent stake in ukraine distillate near of as according to newspaper called the silent the polish co

take a three percent slump in the agricultural sector in separate news the ministry is raising its inflation for calls for the year but says it will still be in the level oftwo thousand and nine. let's see how the markets performing in agent stocks the lower on wednesday following the declines of wall street on wall you poor u.s. economic data the nikkei is more than one percent in the red with strong yen to pressure the exporters. here and russian stocks they choose day trading session in the red top oil producer of all to shed another two percent as the price of light sweet slip near seventy two dollars a barrel. now the russian fishing industry is enjoying a dream seafood production is growing twelve percent in the last three years but problems with the infrastructure broke recy mean that much of the kutch is not making it to the russian dinner tables and instead it's going abroad this is specially true of the fisheries in the far east which also have to contend with transporting their fish huge distances to markets in russia so you don't need an event of a report. the forestry didn't account for twenty percent of the fish caught in russia the ocean is

a three percent slump in the agricultural sector in separate use the ministry is raising its inflation for costs for the year but says it will still be a lower than that of two thousand and nine. russia is planning to sell federal bonds with a ten month expiry date will be the shortest term debts the government has issued in seven years the finance ministry is auctioning roughly one billion dollars of the paper it's turning to shorter maturities as investors have demanded higher yields to counter the rest of rising inflation the worst drop for fifty years is expected to significantly up to food prices for the rest of the year. ukraine is once again raising the thorny issue of the price it pays for russian gas the country's prime minister nikolai as art of told his cabinet on wednesday that the price formula was still unfavorable for ukraine that's despite receiving a one hundred dollars discount five thousand cubic meters of gas as are of said he will urge moscow to revise the contract. let's have a quick look at how the equity markets are doing a european markets are down on whether the state europe's sovereign debt problems and global recovery fears ar

fall in particular slump in the agricultural sector and separately as the ministry is raising its inflation full cost we'll be able says it will still be lower than the level of. time no see how the markets that were forming here in russia stocks are climbing modestly in mid-morning the trade is all rebounds from an eleven week low boosting juicers shares of charles left from two point six percent and lukoil is also helping to push up the market being one point one percent of the remarks that. european stock markets are trading in our brains when following another downbeat session on wall street and as investors on a mixed bag of corporate earnings the footsies called for in the block is now. over in a japanese shares are finished and a low pressured by yen to stay close to fifteen year highs against the us dollar it comes investors look to tokyo for action to protect the economy and the car used to currencies appreciation which is hitting experience with the case closed down one point six percent. in other news the russian fishing industry is enjoying a boom see through production isn't growing twelve percent the last three years the problems with the infras

according to the agriculture ministry a country has exported one point six million tonnes already i could ship another point seven million before an export ban comes into effect on the fifteenth of august that decision to halt exports has made after a drought hit the agriculture sector this season russian president didn't show it but of has also called for changes in insurance legislation to avoid climate rests and to provide farmers with additional support. the situation is very severe as about a quarter of all grain fields in the country have dried up as a result of the drought unfortunately many farms are now on the verge of bankruptcy the government has already agreed to provide financial help to agricultural producers who are faced with hard times ditto to support amounts to one point one billion dollars in addition suffering farmers will get support from local authorities. russian regions that have been hit with record temperatures and smog are also seeing price hikes for fans and air conditioners the cost of buying them has tripled as temperatures pushed towards forty celsius it's a highly competitive market but the federal service is looking at new measures to get consum

of the lowest in developed countries. the government set a goal to boost the rate to 50% over the next ten years in march. in april the agriculture ministry announced a system to supplement the incomes of individual rice farmers. it says it will expand the program to include farmers who grow products other than rice. it also plans to increase rice consumption by introducing various related products, including rice powder. >>> nhk has learned that nearly half of 75 centenarians whose whereabouts are unknown were living with their family members until they disappeared. an nhk survey shows at least 75 people aged 100 or older in 19 prefectures were missing as of tuesday. of these sent they'rians, 35, or almost half, were found to have lived with their families until they went missing, while 21 of them lived by themselves. one family explained that its elderly member left home suddenly and has not been in contact since. another family said it had not reported the disappearance more than four decades ago to the municipality, fearing it would create complications if the person returned home. the professor pointed out that many communities depen