UPDATE 2-Global grain supplies to hit record high in 2015/16 -IGC *Wheat forecasts for Russia, Ukraine and EU raised. LONDON, Aug 27- Global grain supplies will reach historic highs in the 2015/ 16 season, the International Grains Council said on Thursday, a development that could make world food prices even cheaper. The IGC raised its forecasts for wheat crops in Russia, Ukraine and the European Union and also upwardly revised its...
| By: Nigel Hunt
Will Russia cut interest rates again? Oleg Kouzmin, economist for Russia and CIS at Renaissance Capital, predicts the central bank will announce a rate cut of 50 basis points at its meeting today.