News company - Incubator

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%.

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.

Rosselkhozbank predicts grain harvest in Russia in 2025 at the level of 139.5 million tons, thanks to the implementation of modern technologies and government support.

Other forecasts suggest more modest results. The area of sowing and yield will also increase.

The Ministry of Agriculture of the Russian Federation is extending the ban on the export of rice and rice groats until January 1, 2025 due to a decrease in the yield following an accident in the Krasnodar Region.

Production is expected to increase by 2024, but exports are not planned due to stable prices.

Kazakhstan asks Rosselkhoznadzor to allow the transportation of lentils to Turkey and promises to provide information on quarantine control.

The Russian agency is concerned about the illegal import of sanctioned products from Kazakhstan and initiates an investigation. As a result, cases of document falsification are revealed.

Grain inventory in Russia by October 2024: stocks amounted to 35.6 million tons, which is 16% less than last year. Wheat stocks decreased by 20% to 21.8 million tons, while corn stocks increased by 21% to 4.3 million tons. Source: Rosstat, Grain Online agency.

Tajikistan lacks quality seeds for growing agricultural crops, including wheat and oilseeds. Experts point to problems with working capital, interest rates, electricity supply, and technological backwardness, which slow down the development of the food industry. Modernization of production is necessary for the efficient use of potential. The current development program of the industry costs more than 568.8 million somoni.

Deputy Prosecutor General Tkachev demands to seize over 18.1 billion rubles from the former owners of the company "Mcfa".

Yurevich's lawyer believes the claim is unsubstantiated, stating that the seizure of unproven legal property is a measure of public safety.

By October 2024, Russia increased the export of whey by 6% to $19 million. The main buyers are Kazakhstan (33%), Belarus (29%), and China (13%). By 2030, the shipment volume could grow to 45,000 tons.

Russia has entered the top 30 exporters of whey, with the leaders being the USA, Germany, and France.

Experts from Tatarstan have evaluated 98.9% of the new wheat crop, totaling 2.1 million tons. It was found that 20% is grade 3, 39% is grade 4, and 41% is grade 5. The wheat meets the export requirements for the milling industry. It is being tested against 19 criteria, including color, smell, and moisture.

President of Russia Putin has approved a law on stricter control over the import of agricultural products. Now the control will be carried out prior to shipment to the country. This will help reduce the risk of importing harmful plants, simplify import procedures, reduce costs, and ensure safe transportation of goods between countries.