International trade - Fork Cast

Agrarians in Kuban have started to harvest soybeans from an area of ​​over 197,000 hectares, growing domestic varieties bred to be resistant to drought and heat.

Last year, soybean exports reached 3,500 tons worth $1.7 million. In 2023, the harvest amounted to 328,000 tons.

During the first half of 2024, Moldova exported 264,000 tons of corn. The export decreased due to low crop yields caused by dry weather. The main destination was Romania (36.5%), followed by Turkey and Switzerland.

From 2021 to June 2024, Moldova exported 138.5 million liters of alcohol and 73.3 thousand tons of DDGS.

The company "Tula Plant of Vegetable Oils" has increased its production by opening a new site in Yelets. The project's investments amounted to over 3 billion rubles, and 177 new jobs have been created. A new production facility is planned for further oil processing.

The wheat reserves in Turkey are expected to decrease by 61% due to the mandatory import ban until October. Grain production will decrease by 11%, and imports by 30%.

Flour exporters are worried about high prices and the potential loss of markets.

Kazakhstan and Azerbaijan have agreed on veterinary certificates for the export of milk, meat, and other livestock products. According to the Ministry of Agriculture, work is also underway to expand the range of products for export.

The Minister of Transport of Tajikistan has instructed to launch a railway train on the route "China–Turkey–Europe", to build new lines, and to modernize transportation. It is planned to allocate $7.5 billion for ten projects. A. Ibokhim emphasized the importance of developing transportation routes.

According to the Ministry of Trade in Kazakhstan, prices for socially important products remain stable. Some prices have decreased: carrots, buckwheat, bread, sugar, eggs, flour, rice, oil, milk, and cottage cheese. Prices in different regions have also remained stable or decreased slightly.

A group of importers from the Philippines has announced a tender for the purchase of up to 240,000 tons of animal feed corn. Applications to participate in the tender are accepted until July 24th.

The delivery will be divided into 4 stages from October to December of the current year.

China is facing an excess of soybeans, which may lead to a reduction in its imports due to low demand for feed. The processing margin is falling due to large inventories. The decrease in soybean consumption in China will lead to a reduction in imports by 2024/25.

Brazil is becoming the leader in soybean supplies, surpassing the USA.

The Egyptian organization GASC has made a deal with a Russian company to purchase 20,000 tons of oil at a price of $1,013.99 per ton with delivery from September 1 to 15. The price is lower than offers from other suppliers. The market is saturated with Russian oil due to a large harvest.

Deputy Golyan is concerned that the ideological position of the new government of Argentina will affect trade with Russia and China. The proposals of the previous government for developing cooperation with China may be replaced by products from the USA and Brazil, which could worsen the economic situation in the country. President Milei also expressed the intention to strengthen ties with the USA and Israel, but not to hinder commercial relations with China.

Decreased profitability in agriculture necessitates the consolidation of farms. Agroholdings contribute to the industry's development and import substitution. The increase in the size of companies is considered advantageous, unlike the impact of financial investors on business efficiency.