Wheat - Fork Cast

In the Kostanay region of Kazakhstan, agricultural producers have proposed introducing a transit tariff to combat the illegal import of Russian grain. This will increase the competitiveness of Kazakhstani grain, which has faced problems due to unscrupulous suppliers. The creation of a memorandum and the implementation of control will allow for a more effective resolution of these issues.

According to USDA data, American farmers planted 87% of soybeans (compared to 95% last year and 84% on average), 62% of sunflower seeds (+24% from the previous year), and 98% of spring wheat. The corn planting rate is at 95%, which is lower than last year's rate of 98% but consistent with the average level.

Pavel Kosov from "Rosagrolizing" talked about the company's plans in the new conditions. The main goal is to develop a branch network for close servicing of farmers. The company is also expanding leasing and digital solutions, as well as collaborating with foreign manufacturers.

Unmanned technology will not replace people yet.

In 2023, Russia harvested 29.9 million tons of oilseeds, almost three times more than in 2012.

The Ural and Siberia regions have the potential for development and attracting investments. New plants in these regions will help increase production and exports.

Scientists from the Buryat Agricultural Academy are developing an antibacterial balm based on wormwood. The balm has antiseptic and antioxidant properties, does not contain imported components, and is suitable for skin care.

To produce the balm, wormwood will be cultivated, which grows in Buryatia.

The plant Cissus quadrangularis from the tropics and subtropics thrives in dry conditions thanks to mechanisms of photosynthesis and drought resistance. Research on the genome of Cissus will enable the creation of more drought-resistant agricultural crops and increase food security.

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.

The Minister of Agriculture of Chuvashia visited the "Techmashholding" enterprise, where he studied the production of agricultural machinery, including hop harvesting complexes. The company is also developing new equipment, including the pneumatic tractor seeder "Anish". The Russian hop industry needs about 140 hop harvesters, with the first prototype being developed in Chuvashia.

In Western Australia, drought is delaying the wheat sowing season, which will reduce the grain export potential in 2024/25. Production may decrease compared to the previous year but will remain at the level of the last 10 years, limiting export opportunities.

In May 2024, the CPIF reached 120.4 points, an increase of 1.1 points. Prices for grain and dairy products have risen, while meat prices have remained almost unchanged. The CPIF has been rising for 3 months and remains 3.4% lower than last year and below the peak of 24.9%. Grain prices have increased, especially for wheat due to bad weather. Meat prices have decreased, while milk and butter prices have risen. Sugar has become cheaper, driven by improved supply in Brazil and lower oil prices.

Oksana Lut called for the development of bioeconomy in cooperation with other industries, preserving the resources of nature. The Ministry of Agriculture is tasked with accelerating food production using biotechnologies and improving its characteristics. Biological means of protection and biostimulants play an important role in global practice, with demand for them increasing annually.

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.