Sunflower - Fork Cast

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.

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.

The Ministry of Trade of Kazakhstan forecasts a 6% increase in the export of non-raw materials goods to $37.7 billion by 2024. The main focus is on oil products, animal feed, expanding exports to China, and the EAEU countries. There are plans to increase the import of Kazakhstani goods to the markets of the European Union.

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.

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.

Crude palm oil futures in Malaysia rose by more than 1% on Thursday due to the increase in oil prices. Experts note an increase in purchases by India and China's activity. Further price growth is expected, supported by the rise in energy prices.

In 2024, industrial cultivation of rapeseed will begin in the lands of Tuva. It is planned to sow 3000 hectares, and the harvest will be exported. Rapeseed is used in the food and chemical industries. The head of Tuva expressed hope for a successful harvest.

Experts will evaluate 150+ animals at the exhibition in the Trans-Baikal region. The best animal will receive a car. The program includes a conference, a meeting, a show, and a fair of products.