Monitoring - Fork Cast

Rosselkhozbank estimated the market of wild herbs at 1.5 trillion rubles. The industry's development could double the number of employed persons from 5 to 10 million. The export of wild herbs could bring up to $1 billion per year. Russia expects a good harvest of forest mushrooms due to favorable weather. The State Duma supported the bill on strict control over the collection of cedar nuts.

The work on resolving the export of winter wheat from Russia to China continues. However, it is important to expand the supply of spring wheat from Siberian regions, as it is precisely there that it is grown. The opening of the Chinese market for winter wheat is facing difficulties due to logistical issues. At the moment, Russia does not have significant advantages over other wheat exporters to China.

Grain prices may change due to drought in the South of Russia. The production plan is set at 132 million tons, ensuring this target is crucial.

The profitability of agriculture production may remain at the level of 2023. Export prices for wheat have dropped to $231.5/ton, but prices for wheat with 12.5% protein have started to rise.

Domestically, prices vary across regions.

According to the national project "New materials and chemistry" by 2030, the production of three chains of herbicides is planned to increase from 72% to 90%. The project also includes import substitution of 56 chains of chemicals and launching the production of substances for plant protection. It is set to begin in 2025, requiring 1 trillion rubles in investments and aiming to increase domestic production of chemical agents to 95% by 2030.

Mikhail Mishustin appointed Elena Fastova as the first deputy minister of agriculture, replacing her with Oksana Lut. Ksenia Shevelykina was appointed as the deputy minister.

Dmitry Patrushev became the new chairman of the company's supervisory board.

The Ministry of Agriculture has presented plans to increase agricultural production by 2030. The goal is to boost exports, ensuring technological independence. Development of breeding, production of medicines and equipment considering staff training. Investments should grow by 60%.

The Ministry of Agriculture predicts a decrease in potato prices in the autumn due to an increase in the harvest and a decrease in imports.

Retail potato prices in Russia rose by 8.9% at the beginning of June and by 57.1% over the year. It is expected that prices will stabilize by July due to the saturation of the market with domestic harvest.

At the exhibition "Pro Apple 2024", it was announced that Russian gardeners are ready for export due to the quality of their produce. The Ministry of Agriculture emphasized the importance of meeting domestic needs, while experts called the industry competitive.

Stavropol gardeners proposed a full ban on the import of seedlings to promote local production. In the Rostov region, 1.3 million imported seedlings have been received since the beginning of 2024.

According to the Ministry of Agriculture of Turkey, wheat imports will be banned from June 21 to October 15, 2024. Experts claim that this will impact the market, but the outlook appears optimistic.

Turkey is planning to increase its flour milling capacity, which will allow exporters to find alternatives.

President Putin has announced an increase in the capacities of the meat industry in Russia. Companies are planning to invest billions of rubles in expanding the production of turkey, duck, and pork to meet the growing demand. Major projects have been signed in various regions of the country, which contribute to the development of the industry and the increase in production. Overall, numerous agreements on the development of the meat industry have been signed at the forum.

Supplies of potatoes from Egypt to Russia have decreased, which has pushed prices up on the market. However, the situation is stabilizing thanks to domestic potatoes. Planting areas in some regions have been reduced due to unprofitability, but no problems with potatoes are expected. The market will be saturated with potatoes from Russian regions in the coming weeks.

The Ministry of Agriculture planned to sow 1.07 million hectares of sugar beets, but due to frost and drought, part of the crop perished. According to estimates, losses amounted to 10%, with higher figures in some regions.

As a result, the volume of sugar production in Russia may not meet market demand, leading to a possible decision on duty-free imports.