International trade - Fork Cast

According to "Agroexport", by 2030, the export of rapeseed oil from Russia could reach 2 million tons. The rapeseed cultivation areas by 2023 have doubled, reaching 2.1 million tons, mainly in the Siberian Federal District.

In 2023, the export increased by 58%, reaching 1.55 million tons.

Truck owners in the European Union countries need to return and update the documents of Ukrainian transport by July 10th. Key documents in English and vehicle marking are required. The validity period of the "transport visa-free regime" has been extended until 2025.

The Head of the Altai Region met with the company "Blago" at the St. Petersburg International Economic Forum. The construction of a sunflower processing plant in Rubtsovsk with investments exceeding 14 billion rubles is planned. The products are intended to be exported to China. The project will create up to 360 new jobs and is expected to be completed by 2030.

Export of rapeseed oil from Russia is planned at the level of 2 million tons by 2030. Russia ranks third in the world in the production of rapeseed oil. In 2023, the sowing area of 2.1 million tons exceeded the previous figure by two times. Export of rapeseed oil in 2023 increased by 58%, reaching 1.55 million tons.

Agroconglomerate "Bio-Ton" is expanding its operations by acquiring land plots in the Stavropol Territory for growing oilseeds and leguminous crops. The company will focus on increasing crop yields and reducing the cost of sunflower cultivation.

The Taiwan Flour Millers Association purchased 104.15 thousand tons of wheat from the USA at a tender. The first batch (54.225 thousand tons) with delivery from August 25 to September 8 contains various types of wheat at prices ranging from $281.98 to $316.6 per ton. The second batch (49.925 thousand tons) will be delivered from September 12 to September 26.

Kazakhstan plans to increase the sown area of ​​oil flax to 1 million hectares by 2024 due to low profitability of other crops and demand from China.

The European Union has shrunk due to pesticide requirements. The Chinese market is becoming more appealing. Increased competition from Russia and potential sanctions pose a risk to exporters.

The production of soybeans in the USA is projected to reach 153 million tons. Floods in Brazil have reduced production by 6%, but an increase in planting areas may offset the losses. Issues will become visible in a few months.

9 million tons of corn were exported in the first five months of 2024.

Governor Igor Artamonov called the assistance to farmers affected by natural disasters in May unprecedented. The damage to fruit and berry farms amounted to almost 500 million rubles. Farmers will receive support of over 4 billion rubles from the budgets for crop restoration.

The Ministry of Agrarian Policy and Food of Ukraine reported that the sowing of spring crops covers an area of 5.566 million hectares, which corresponds to 99.4% of the plan. The sown area has increased by 17.5 thousand hectares.

Sunflower covers an area of 5.212 million hectares (99%), and soybeans cover 2.047 million hectares (103%).

In the beginning of 2024, South Africa faced dry weather conditions due to El Niño. Malawi, Mozambique, Zambia, and Zimbabwe experienced minimal rainfall, negatively affecting crop yields. The drought damaged maize crops, posing a threat to food security.

In the Kostanay region of Kazakhstan, agricultural producers have proposed introducing a transit tariff to combat the illegal import of Russian grain. This will increase the competitiveness of Kazakhstani grain, which has faced problems due to unscrupulous suppliers. The creation of a memorandum and the implementation of control will allow for a more effective resolution of these issues.