Monitoring - Incubator

The research center "SovEcon" has increased the forecast for wheat harvest by 1.2 million tons, reaching 81 million tons. The harvest of grains and leguminous crops overall will also increase. The sown area under crops will decrease. The USDA predicts wheat harvest in Russia at 83 million tons. The total grain harvest in Russia could reach 129 million tons with favorable weather conditions, according to an agricultural market specialist.

Export prices for Russian wheat have dropped to $248 per ton, with little demand for the old crop. Prices for the new crop are at $227 per ton. Wheat prices have also decreased in other countries.

Domestically, wheat prices have weakened, except in Siberia where prices have slightly increased due to rising demand.

Analyst Nikolay Mochalov of the Fish Union suggests that in order to achieve the goals in the fishing industry, it is necessary to increase fish exports and domestic consumption, requiring an additional volume of raw materials of 1.7 million tons. The development of aquaculture is a priority, with the possibility of projects emerging for fish farming in closed aquatic systems.

The fish catch in Russia remains approximately at the same level, but it is not diverse enough.

In April, the FAO Food Price Index reached 128.3 points, exceeding March by 1.2 points and April of the previous year by 9 points.

Prices for grains and meat rose, while prices for oils and butter decreased. Sugar prices fell due to uncertainty in the global economy.