News company - Incubator

The National Commodity Exchange has launched a test calculation of new exchange indices for sunflower seeds, rapeseed, and margarine. The indices display prices per 1 ton of the product. The calculations are based on NTB auction prices including VAT. Market interest in the new indices is planned to be evaluated.

The USMCA Trade Commission has deemed Mexico's ban on genetically modified corn from the USA as illegal. Mexico disagrees with the decision, stating that it is based on health protection. The appointment of Mexico's new president has not influenced the decision to maintain the ban.

India extends the temporary ban on futures trading of key agricultural commodities until January 2025. SEBI has shortened the ban by one month, signaling a possible resumption of futures trading at the beginning of next year. The decision has a positive impact on the oilseeds market in the country.

Prime Minister Mikhail Mishustin has allowed the export of rapeseed seeds from the Trans-Baikal Territory at the minimum customs rate. The restriction has been extended until August 31, 2025, with an export volume of 23.1 thousand tons. The measure is aimed at developing the production of oilseeds in the region.

In Astrakhan, a terminal complex is planned to be built for the transportation of grain and vegetable oil. This will help increase shipments to the Caspian region, as well as to destinations including Africa, the UAE, and India.

Previously, there was a lack of equipment for oil transshipment, so their shipment to Iran was carried out through other countries.

Production of soybeans in the EU has decreased due to poor weather conditions. The European Commission has reduced the forecast to 2.8 million tons, which is 10,000 tons less than the previous year. In Romania, the harvest has decreased by 44%, reaching 171,000 tons. Hungary has increased production by 50%, but yields remain below average. Italian companies have reduced soybean imports by 5%. Sunflower crop in the Balkans is also expected to be low due to bad weather.

In Kazakhstan, the harvesting of oilseeds, including sunflower, has been successfully completed. The gross yield has increased by 46% compared to the previous year, however, the prices for seeds are rising due to their shortage. This leads to a decrease in the profitability of oil plants, but will allow farmers to increase revenue in the next season.

The Russian government has established a tariff quota for the export of sunflower seeds from the Zabaikalsky Krai: 9300 tons until August 31, 2025. The regulation comes into effect in 7 days.

In Bulgaria, the harvest of oilseeds in 2024/25 is the lowest in 10 years due to a hot summer. Rapeseed production has decreased by 15%, sunflower by 15%. The country will have to import seeds due to processing issues.

The ITS report: palm oil exports from Indonesia decreased by 10% in November to 2.01 million tons. It is expected that the volumes will remain low due to the increase in the oil's share in biodiesel to 40% starting from 2024. B40 could restrain global supplies and drive up prices by 2025. The implementation of B40 could be gradual in 2025-26, increasing the demand for oil by 1.5-1.7 million tons.

Yarovoy rapeseed is a valuable crop for the economy. Rapeseed cultivation in Khakassia has increased to 14,000 hectares in 2024.

Cabbage moths pose a threat to the crop and require careful control. Specialists have identified the problem and are looking for effective methods to protect against pests.

In Moscow, Governor of the Voronezh Region Alexander Gusev met with the President of the "ECO-Culture" holding Alexander Rudakov. They discussed the company's projects, including the establishment of a corn processing plant. Rudakov mentioned the cooperation with universities, including the agricultural university and college. Gusev highlighted the significance of this cooperation for the development of education in the region.