News company - 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.

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.

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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.

In 2024, 488 thousand tons of grain were exported from the Novosibirsk region under the supervision of experts. China increased its imports of wheat, barley, and peas. Kazakhstan, Kyrgyzstan, Belarus, Mongolia, Malaysia became grain importers. Additionally, 4 thousand tons were sent to the Kaliningrad region.

ForkAgro has introduced the innovative adjuvant Synergy, which has high biological activity and biocidal properties. The product contributes to plant protection, increased crop yields, and product quality.

The company offers a multilingual website for the convenience of users.

The forecast for wheat exports from Russia for the new agricultural year remains unchanged - 48 million tons.

The European Union has reduced its export estimate to 34.5 million tons. The forecast for wheat harvesting and exports of mixed fodder grains has changed slightly.

The US Department of Agriculture does not take into account data on Crimea in its forecasts. The global grain harvest forecast has also increased.

Analysis of global markets: sunflower seeds in Russia rose to 27.8 thousand rubles per ton, corn increased to 11.3 thousand rubles per ton, and soybeans are priced at 35.3 thousand rubles per ton. Global prices have also changed: sunflower seeds - 480.2 $/ton, corn - 181.0 $/ton, soybeans - 427.4 $/ton.

The total area under crop rotation is 8.8 million hectares.