News company - Fork Cast

In 2025, two new citric acid production plants will be launched in Russia. One will be located in the Tula Region, and the other in the Voronezh Region. A third plant will be opened in the Krasnodar Territory. The demand for citric acid in Russia is increasing due to the development of the food industry.

Rosselkhozbank allocated 424.6 billion rubles in loans to farmers in the first quarter of 2024, which is 11% more than last year. Farmers received preferential terms for 113.7 billion rubles. The bank also allocated 197 billion rubles for seasonal work.

The total amount for exports is 113.8 billion rubles.

In the first quarter of 2024, global prices for wheat and corn reached three-year lows due to record supply. However, it is expected that demand will increase, balancing the market. Russia, the USA, and other countries are actively exporting grain. In the long term, grain prices may rise in Europe due to supply constraints.

By 2030, the production volume of fat-and-oil products in Russia will increase to 16.1 million tons, with exports growing by 16% to 11.1 million tons. The fat-and-oil industry will continue to develop actively and remain a driving force for the growth of agro-exports. The Ministry of Agriculture extends preferential lending for exporters until June 2024.

In the Rostov region, a new laboratory equipment provided by "Damate" company has been installed at a compound feed plant. This equipment allows to increase the speed and quality of grain control. It provides fast sampling with excellent functional capabilities and automatic sample separation. The innovation helps to speed up processes and improve the quality of the final product.