On June 8, Bloomberg reported sales of all products to Russia from its normal trading partners — which accounted for one-half of all imports in 2021 — were down 40% in April.
The three biggest manufacturers of agricultural machinery of Belarus and Russia have signed a memorandum of cooperation, according to a report from BelTA.
According to a report from Agroportral24h, at the 74th anniversary of the company's Minsk Tractor Plant, Minsk Tractor Works confirmed it had produced 40,000 tractors in 2019, with a goal of producing 60,000 in 2030.
Shipments of more than $100 million worth of ag equipment from Belarus and the U.S. are expected to start arriving in Zimbabwe this month as the South African state aims to improve agricultural efficiency and productivity.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.