News company - Incubator

The opinion of the Grain Producers Association of Canada on the deal of Bunge's acquisition of Viterra: the Minister of Transport's decision does not ensure competition protection, selling part of the shares will not solve the problem, potential losses for farmers up to $770 million per year, the deal will cause issues in the market and will require review. Bunge will buy Viterra for $6.2 billion in stocks and $2 billion in cash.

In 2023, the export of sunflower seeds from Russia to Kazakhstan decreased by 69.1% compared to 2022. The average price in 2023 was 122.9 USD/ton, which is 3.4% higher than the previous year.

During January-October 2024, the import volume increased by 18.0 thousand tons compared to the same period in 2023, while prices rose 2.1 times.

Russia and Ukraine are increasing soybean production due to growing demand and high profitability of the crop. It is projected that the total production by 2024-25 will reach 13.1 million tons. Ukraine will lead in exports, reaching 3.7 million tons, while Russia will export 7 million tons.

The sunflower oil market in Ukraine is stable.

Exporting companies were interested in the oil stocks, which could affect purchasing prices. Consumers continue to show moderate interest, with prices ranging from 21000 to 23500 UAH per tonne including delivery.

Algeria is building 350 new grain storage facilities to increase grain imports, particularly from Russia. The country plans to increase its grain storage capacity from 3.4 to 9 million tons. Experts highlight the advantages of Russian grain due to its quality and price, unlike French grain, whose shipments have decreased by 85%.

In 2024, the export of sunflower oil from the Krasnodar region increased by 37%. More than 1.8 million tons of oil were shipped to 21 countries, including India, Turkey, and Egypt.

The volume of supplies to Iran in 2023 accounted for 12% of the total export.

The wheat market: the price rose in Chicago and fell in Kansas City and Minneapolis. The dollar dropped against the euro. Wheat and corn were purchased at international auctions. Weather forecasts in South America are affecting soybean futures.

The Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) has inspected the sea checkpoints in three regions and the Republic of Kalmykia.

They checked 3 batches of sunflower meal for animals weighing 12.9 thousand tons, intended for export to Turkey. Research has confirmed that all products meet the requirements.

In 2024, rapeseed harvest in Russia reached a record level of 4,660.2 thousand tons, showing a growth of 10.9% due to an increase in sowing areas. However, the yield decreased by 13.9%.

Krasnoyarsk Krai leads in rapeseed collection, followed by Altai Krai.

Russian agricultural producers can use drones for distributing beneficial insects, fighting pests, and protecting crops. The company Flyseeagro develops and distributes entomophages using unmanned aerial vehicles, collaborating with research institutions on the creation of biopesticides.

The banking group VTB plans to provide financial support to farmers through preferential programs. The agricultural lending market, after Sberbank's refusal, is transitioning to Rosselkhozbank. VTB intends to increase its loan portfolio in the agricultural sector and provide over 300 billion rubles for seasonal work in 2025.

Climate change creates new opportunities to increase ecosystem productivity in agriculture and forestry. However, the downsides include increased fire hazard and adverse agrometeorological conditions. An increase in temperature and precipitation is expected, as well as a reduction in the permafrost area. Climate change can also promote the socio-economic development of regions in Russia.