International trade - Incubator

Prices for agricultural crops in Russia are rising: sunflower - 35.3 thousand rubles, corn - 13.7 thousand rubles, soybeans - 35.1 thousand rubles, rapeseed - 33.5 thousand rubles.

Prices on the world markets are also increasing. Many hectares of agricultural crops have already been harvested.

Prices for soybean oil in Chicago have dropped due to uncertainty in the US green energy program.

Meanwhile, futures for palm oil in Malaysia have also decreased due to a decline in exports.

Prices for sunflower oil in Ukrainian ports remain stable, but sunflower meal is becoming cheaper.

There is high demand for sunflower seeds due to a shortage of global supplies.

Prices for sunflower seeds and oil continue to rise. The market price of sunflower oil in the regions of Russia has reached 90.4-92.4 thousand rubles per ton. Export prices for sunflower oil increased by 5 dollars to 1.12 thousand dollars per ton in December. The overall trend of falling oil prices on the global markets may affect domestic prices.

In 2025, financial support for farmers from the Russian budget will reach 15 billion rubles. The "People's Farmer" Association plans to expand its activities in the regions, including training students and improving the agricultural insurance system.

During the first 10 months of 2024, China imported four times more Russian wheat than the previous year, totaling $84.2 million. In October, the volumes slightly decreased to 9.4 million. Russia holds the third position among suppliers, behind Canada and Kazakhstan.

Starting from November 27, the export duty on wheat from the Russian Federation has increased by 12.3%, reaching 3,020.3 rubles per ton. The duty on barley has decreased to 1,166 rubles, while the duty on corn has risen to 3,584.1 rubles. These new rates will be in effect until December 3.

In the North Kazakhstan region, a plant for processing oilseeds will soon start operating. The project costs 34 billion tenge, with a launch date set for late November. The plant will produce sunflower and flaxseed oil, as well as meal, using cold-pressing technology.

On the 47th week, freight transport rates in the Azov-Black Sea region remained unchanged. Low grain prices are keeping the market in check.

Important: navigation along the Volga-Don Canal will close on November 27, and the export duty on wheat from the Russian Federation will increase.

In October, soybean processing in the USA set a record at 5.44 million tons, exceeding the previous figure by 0.6 million. Soybean oil stocks rose to 680-690 thousand tons, surpassing a 10-year low. Soybean processing volume since the beginning of the agricultural year 2024/25 reached 10.8 million tons, increasing by 5%.

In October 2024, Kazakhstan produced 302 thousand tons of wheat and wheat-rye flour - the highest volume in 10 months, as reported by APK-Inform.

In the Kostanay region, 108.96 thousand tons of this flour were produced. In 10 months of 2024, 2.49 million tons of flour were produced.

Artists in Kazakhstan are facing a problem with selling their rice due to falling prices. It is necessary to find a solution as the market is stagnant. Authorities are discussing the issue and looking for ways to support farmers whose harvest cannot be sold due to the current situation.

China is increasing the import of Kazakh wheat. In 2024, imports have increased by 36%. Kazakhstan holds a leading position, supplying 14% of the wheat. A forum in Astana will discuss trade and prices, with a speech by the director of ZHEJIANG GRAIN GROUP.