News company - Oilseeds - Fork Cast

According to FAS USDA forecast, soybean production in Argentina in 2024-2025 is expected to reach 52 million tons, with processing forecasted at 42 million tons. Farmers prefer soybeans due to the corn epidemic, low prices, and drought. Sunflower crops are projected to increase to 1.9 million hectares, with an expected yield of 4 million tons.

The Ministry of Agriculture predicts a record harvest of oilseeds - 28 million tons, including soybeans and rapeseed. The rapeseed harvest is projected to be over 7 million tons, and soybeans - around 5 million tons. Prices for oilseeds have risen due to weather conditions, demand, and global prices. Farmers are expanding the areas under these crops.

In Kazakhstan, sunflower crops have reached maturity, and harvesting has begun. Soybean and cotton crops are ripening, sunflower is being harvested. Harvesting of grain crops in the north is favorable. In the southeast, winter wheat is sown, and the grain is sprouting.

In Bulgaria, low-quality sunflower is grown, which creates problems for local oil producers. The situation is further complicated by the high content of harmful substances in corn. The yield has decreased due to drought, which will lead to a decrease in oil production.

In Kazakhstan, prices for sunflower and soybean seeds are rising due to the increase in the cost of oil-bearing crops in Russia. The demand for seeds exceeds the supply by more than three times. Analysts predict further price growth.

Prices for rapeseed and flax remain stable, while safflower and mustard are becoming cheaper, but it is recommended to keep them for the future.

Sunflower production in Turkey will decrease to a minimum within 10 years due to droughts. The forecast for oilseed production has been reduced by 300 thousand tons, with north-western Turkey being the most affected. Imports will increase to 550 thousand tons.

The Federal Service for Veterinary and Phytosanitary Supervision (Rosselkhoznadzor) has confirmed the shipment of 4 batches of rapeseed meal weighing 103 tons from the Tomsk region to China. All batches comply with the requirements of the EAEU and China.

During the period from December 2022 to August 2023, a total of 454 batches with a combined weight of 9,922.91 tons have been sent.

Manufacturers of oilseeds in Kazakhstan are successfully expanding their exports to China, Europe, the Middle East, and Central Asia. Oil exports have increased by 42%, while oilcake exports have increased by 49%, bringing in a profit of $561 million. Kazakhstan has become the main supplier of oil and feed to Central Asia and is ready to meet their demand, with experts optimistic about the future.

Company "Miratorg" has established a konferm in the Bryansk region for breeding horses. The project will increase the herd by 70-80 heads annually. Various breeds will be used, with the main focus on purebred Quarter Horses. The company is focused on its own horse breeding.

Agricultural enterprises in the Krasnoyarsk region continue to harvest grain crops despite the emergency situation. The level of completion of the plan for harvesting rapeseed is 68%, with 335 thousand tons collected.

Farmers are also preparing for the new season.

In Zabaykalsky Krai, a state of emergency has been introduced due to crop losses on 14 thousand hectares from heavy snowfall. Precipitation reached 75% of the monthly norm, leading to road problems. This summer, a state of emergency was already declared due to drought, affecting 26.5 thousand hectares of crops. The introduction of a state of emergency at the regional level is planned.

In the republic, on the area of 3600 hectares, the harvest of "white gold" - rice is coming to an end. Already collected 7313.3 tons of grain, 85.6 million cubic meters of water were used for irrigation. The grain is pesticide-free, one of the best in Russia. This year the harvest will be no less than last year.