Russian market - Fork Cast

Ivan Makalov will become the General Director of the sugar production segment at Rusagro company starting from August 1st. He will replace Sergey Goryachev, who previously held this position. Ivan Makalov's previous position was the financial director.

In Bashkortostan, 102 thousand tons of new harvest grain have been collected with a yield of 35 c/ha, which is 40% higher than the previous year. The main crop is winter wheat. Harvesting has begun in 26 districts, mainly in the Aurgazinsky and Sterlitamaksky districts. Rainy weather is slowing down work in the fields. It is planned to harvest 3.5 million tons of grain and 600 thousand tons of oilseeds. Last year, the harvest was 3 million tons, with unfavorable weather conditions being cited as the reason.

Corporation "Agrokomplex" by N. I. Tkachev harvested 2.3 million tons of grain from 487 thousand hectares. The harvest began two weeks earlier due to warm weather.

Yield: wheat - 49.7 c/ha, barley - 80 c/ha. The impact of drought and May frosts affected the grain yield in the Rostov Region and Krasnodar Territory.

Starting from August 2024, customs duty rates will change as follows:

- Wheat and meslin rates will decrease by 634.0 rubles per ton (-41.16%).

- Barley and corn rates will remain at 0.0 rubles per ton.

The new rates will come into effect on the third day after placement and will remain in force until further changes.

The grain harvest in the Ryazan region started a week earlier. 157 thousand hectares have been threshed, 650 thousand tons of grain have been harvested. 1100 combines are involved, the number could increase to 1500. A record sowing area for 25 years - 1 million 140 thousand hectares. A good harvest is expected.

Due to the expected drought in the south of Russia, the harvest of sugar beets is being delayed. The water shortage in the Krasnodar and Stavropol regions is at 50%. The weather may improve, but the accuracy of forecasts is only 50%. The start of the factories' operations is being postponed to August.

The Minister of Agriculture of Bashkortostan has announced the replacement of imports in the seed production sector and the increase in agricultural exports. Within the framework of the event, the first agricultural drone created in Bashkortostan was demonstrated. It is planned to produce hundreds of such drones annually.

Company "Eurasia Logistics" has acquired a grain terminal in Taganrog, expanding its transportation assets. Experts are confident that by maintaining export volumes, the company will enter the top 10 grain exporters. Despite competition, integrated transportation can be successful.

In the Trans-Baikal region, 148,000 sheep were sheared, collecting 391.5 tons of wool. The best indicators were in Aginsky district (86.2 tons), Mogoytuisky district (77.3 tons), and Borzinsky district (43.4 tons).

Wool sales for processing amounted to 102 tons. The governor has launched a program for the development of sheep farming until 2030.

In the Tambov region, the harvest is successfully underway: peas and wheat have been harvested from 70% of the fields. It is predicted that the grain and sugar beet harvest will be no less than last year's. Government support contributes to the development of agriculture.

In the European part of Russia, a temperature drop is expected. In the south, the temperature will decrease by 8-10 degrees, in the Urals and the Volga region - by 3-6 degrees. As a result, heavy precipitation is expected in several regions, accompanied by thunderstorms, hail, and strong winds. In the southeast of Primorsky Krai, intensive rains are expected, causing floods.

At the National Commodity Exchange, a contract for white sugar with a volume of 40 tons was sold at a price of 60,000 rubles per ton. Additionally, there were 8 deals made for white sugar. The maximum prices were as follows: Central Federal District - 60,000 rubles per ton, Urals Federal District - 60,200 rubles per ton, Southern Federal District - 60,000 rubles per ton.