International trade - Fork Cast

Prices for soybean oil in Chicago have dropped due to uncertainty in the US green energy program.

Meanwhile, futures for palm oil in Malaysia have also decreased due to a decline in exports.

Prices for sunflower oil in Ukrainian ports remain stable, but sunflower meal is becoming cheaper.

There is high demand for sunflower seeds due to a shortage of global supplies.

Artists in Kazakhstan are facing a problem with selling their rice due to falling prices. It is necessary to find a solution as the market is stagnant. Authorities are discussing the issue and looking for ways to support farmers whose harvest cannot be sold due to the current situation.

Rosselkhozbank predicts grain harvest in Russia in 2025 at the level of 139.5 million tons, thanks to the implementation of modern technologies and government support.

Other forecasts suggest more modest results. The area of sowing and yield will also increase.

The Ministry of Agriculture of the Russian Federation is extending the ban on the export of rice and rice groats until January 1, 2025 due to a decrease in the yield following an accident in the Krasnodar Region.

Production is expected to increase by 2024, but exports are not planned due to stable prices.

Kazakhstan asks Rosselkhoznadzor to allow the transportation of lentils to Turkey and promises to provide information on quarantine control.

The Russian agency is concerned about the illegal import of sanctioned products from Kazakhstan and initiates an investigation. As a result, cases of document falsification are revealed.

Experts from Tatarstan have evaluated 98.9% of the new wheat crop, totaling 2.1 million tons. It was found that 20% is grade 3, 39% is grade 4, and 41% is grade 5. The wheat meets the export requirements for the milling industry. It is being tested against 19 criteria, including color, smell, and moisture.

In Russia, the price of sunflower rose by 0.9% to 34.4 thousand ₽. The prices of corn and soy remained stable, while rapeseed prices increased. Global prices: sunflower decreased, corn and soy increased, rapeseed as well. Grain harvest in Russia covers 46.5 million hectares, including 2.3 million hectares of corn.

According to FAS USDA forecast, soybean production in Argentina in 2024-2025 is expected to reach 52 million tons, with processing forecasted at 42 million tons. Farmers prefer soybeans due to the corn epidemic, low prices, and drought. Sunflower crops are projected to increase to 1.9 million hectares, with an expected yield of 4 million tons.

The Ministry of Agriculture predicts a record harvest of oilseeds - 28 million tons, including soybeans and rapeseed. The rapeseed harvest is projected to be over 7 million tons, and soybeans - around 5 million tons. Prices for oilseeds have risen due to weather conditions, demand, and global prices. Farmers are expanding the areas under these crops.

In Kazakhstan, sunflower crops have reached maturity, and harvesting has begun. Soybean and cotton crops are ripening, sunflower is being harvested. Harvesting of grain crops in the north is favorable. In the southeast, winter wheat is sown, and the grain is sprouting.

In Bulgaria, low-quality sunflower is grown, which creates problems for local oil producers. The situation is further complicated by the high content of harmful substances in corn. The yield has decreased due to drought, which will lead to a decrease in oil production.

"Demetra Trading" has purchased the "Nash Soyuz" elevator in the Oryol region. Plans include modernization, increasing grain processing and flour production. The complex consists of 10 silos, a dryer, receiving lines, and a milling complex. Upgrades to the railway infrastructure are planned.