Monitoring - Incubator

The analytical center has reduced the forecast for wheat exports from 42 million tons to 40-41 million tons due to high prices and falling demand. In February, a record low amount of wheat was exported, which will result in the lowest figure in the past 5 years. Further decrease is expected in March.

The average price of diesel fuel in the Republic of Mordovia is 67.11 rubles per liter, for gasoline A-92 - 54.65 rubles per liter, for gasoline A-95 - 59.21 rubles per liter, and for gasoline A-98 - 82.67 rubles per liter.

The cheapest fuel is in Tatarstan, while the most expensive is in the Perm Krai and Nizhny Novgorod Oblast.

Chicken egg production in Russia increased by 4.9% in the first quarter, leading to a decrease in egg prices in March by 8.5% compared to last year.

According to experts, the deterioration of the wheat harvest could exacerbate the situation for livestock farmers.

Under the leadership of Mikhail Mishustin, preferential lending for the construction of greenhouse complexes for floriculture is being resumed. The program was suspended last year but will be extended. Russia plans to continue developing the floriculture industry, including training personnel and breeding new flower varieties.

In the world, there is a growing interest in halal products, including meat. The company "UnionPromPoultry" focuses on halal poultry meat, intending to increase its production. This is in demand not only in Russia but also abroad, especially in Arab countries, Southeast Asia, and Africa.

The company already exports its products to various countries and sees prospects for further growth.

Pork production decreased by 1.5% in the first quarter of 2024. The National Statistical Committee forecasts an annual growth of 1-2% over the next five years. Prices for live pigs have risen, but prices for processed meat have fallen. Companies' profitability is expected to remain at 20-25%.

The Russian agricultural sector is expected to grow by 2.1% this year. The global demand for livestock products is anticipated to increase, especially in Asia. Meat and milk production will rise, and food prices may decrease. The Russian agricultural sector will also grow due to the livestock and oilseed crops.

Analysts have raised the forecast for wheat exports in March to 1.85 million tons. Wheat prices fell under pressure from favorable rain forecasts in Russia and the United States. Internal wheat prices remained practically unchanged.

Russia plans to export 1 million tons of meat abroad this year. The exports have increased to Chinese and African markets. However, the strengthening of the ruble and animal diseases in Europe could pose risks to the plans.

The company "Damate" has been granted the first right in Russia to export turkey meat to Singapore.

According to Rosstat, fuel prices in the Omsk region are below average for Siberia and Russia. Diesel is cheaper than in Tuva, AI-92 gasoline is below the national average, and prices for AI-95 and AI-98 gasoline are also below average.

The export duty on sunflower oil decreases in April to 4568 rubles per ton, on meal - to 939.5 rubles per ton. Price increases are expected, but the situation in the oil and fat sector remains challenging due to the shortage of sunflower seeds. Factories are forced to temporarily stop production due to negative margins.

The "SovEcon" center has reduced its forecast for Russian wheat exports for the 2024/25 season by 1.5 million tons to 40.7 million tons due to low profitability and the strengthening of the ruble. Reserves as of March 1 amount to 11.6 million tons, which is 34% less than a year ago.

It is possible that a weakening ruble and increased demand will force exporters to accelerate exports.