UPDATE 2-Global grain supplies to hit record high in 2015/16 -IGC * Wheat forecasts for Russia, Ukraine and EU raised * U.S. corn crop outlook upwardly revised, EU cut (Adds quotes, background) LONDON, Aug 27 (Reuters) - 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, ...
| 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.