Page 135 - RusRPTSept22

The UN announces a drop in global food prices. World food prices fell in July after record growth. This is evidenced by the World Food Index published by the Food and Agriculture Organisation of the United Nations (FAO). It is noted that the news concerning the agreement on Ukrainian grain was an essential factor in this decrease. World prices for wheat in July fell by 14.5% and corn by 10.7%, partly due to the agreement to unblock grain exports from Black Sea ports. Harvesting in the northern hemisphere also affected the price decline. However, there is much uncertainty about further price dynamics, mainly due to high fertiliser prices affecting crop forecasts and farmer welfare, a negative global outlook, and currency movements. All this creates severe tension regarding the world's global security.
9.1.7 TMT sector news
Online commerce in Russia soared by 1.5 times year-on-year in the first half of 2022 and amounted to 2.2 trillion rubles ($36.4bn), the Association of Internet Commerce Companies said on Thursday.
"Total online commerce amounted to 2.3 trillion rubles ($38.1bn) (the increase by 43% year-on-year) - this was the sum spent by Russians on Russian and foreign online platforms. The domestic market accounts for 2.2 trillion [rubles] from this amount, which is 50% more than in the like period of the last year,"
135 RUSSIA Country Report September 2022 www.intellinews.com