Monitoring - Incubator

In the first half of 2024, the production of natural starches in Russia increased to 205.5 thousand tons, surpassing last year's figure.

Corn starch increased by 6%, while wheat starch decreased by 4%. Production of modified starches increased by 23%, including an increase in the volumes of potato starch.

Growth in the production of starchy starch products was also noted.

The forecast for Russian wheat export has been increased to 5 million tons. Prices for Russian wheat remain stable on the market, unlike competitors. The stable improvement of weather in the USA has a positive impact on the crop. Internal wheat prices throughout Russia are rising.

The Prosecutor General's Office has completed its investigation: companies like "Wimm-Bill-Dann" and others have been found guilty of unjustifiably raising milk prices. Prices increased due to a rise in costs, not for objective reasons. Monitoring of prices for socially important goods is ongoing.

The President of the Association of Gardeners of Russia expects the apple harvest in 2024 to be the same as last year. The yield will decrease by 5-10%, but there will be no shortage. Prices have slightly increased - 120-130 rubles per kilogram.

Russia aims to achieve 100% self-sufficiency in apples by 2028.

Oil Union forecast: the export duty on sunflower oil in December will increase to 8,000 rubles per ton, in January - up to 15,000 rubles per ton.

Estimates for oilseed crops were overstated; the shortfall is being compensated by yields in the Volga region and Altai. The average prices for sunflower seeds have reached a maximum in two years - 45,200 rubles per ton.

Last week, prices for Russian wheat decreased to $226/ton FOB. Prices for French wheat dropped to $238/ton, while American wheat increased to $258/ton.

Forecasts for corn and soybean harvest in the U.S. were lowered, but the overall forecast for global wheat production remained unchanged. Prices for wheat on the domestic market stayed stable.

It is predicted that around 25 thousand tons of berries will be collected in the current season, which is slightly more than last year's level. The record raspberry harvest is due to the long harvesting period, while the blueberry harvest is suffering from frosts and a cold winter.

The increase in the cost price of berries is associated with the rise in labor and materials prices, which leads to a decrease in the volumes of domestic production in the market.