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Russian regions with the most affordable fuel prices.
Russian regions with the most affordable fuel prices.
Residents of the Yamalo-Nenets Autonomous Okrug can buy more fuel with their salary than residents of Ingushetia. Gas prices in Russia increased in 2023, but after the government's stabilization, they decreased slightly. At the beginning of 2024, prices started to rise again. The average price of AI-92 in January 2024 was 7.2% higher compared to 2023.
Zimbabwe is ready to cooperate with Russia in agriculture, said the First Vice President Constantino Chiwenga at a forum in Kazan.
Zimbabwe is ready to cooperate with Russia in agriculture, said the First Vice President Constantino Chiwenga at a forum in Kazan.
The Republic of Zimbabwe is ready to develop cooperation with Russia in the field of investments, especially in agriculture. The First Vice President of Zimbabwe expressed a desire to expand partnership and trade turnover between the countries. He visited enterprises in Kazan, noting the success of Russian technologies.
The forecast for rapeseed production in Europe for the 2024/25 season is 18.4 million tons, a decrease of 1.4 million tons, while sunflower and soybean production is expected to increase.
The forecast for rapeseed production in Europe for the 2024/25 season is 18.4 million tons, a decrease of 1.4 million tons, while sunflower and soybean production is expected to increase.
Analysts at Grains predict a decrease in rapeseed production to 18.4 million tons in the EU in 2024/25 due to a reduction in sown areas to 5.6 million hectares. However, sunflower production is expected to increase to 10.7 million tons and soybeans to 3.1 million tons. The sown areas for them will remain stable.
In Kazakhstan, the export duty on sunflower seeds is being canceled to support farmers before planting.
In Kazakhstan, the export duty on sunflower seeds is being canceled to support farmers before planting.
In Kazakhstan, it is planned to cancel the export duty on sunflower seeds from February 15 to support farmers before sowing. The sunflower seed stocks on the domestic market have reached 1.074 million tons. The cancellation of the duty will help to sell sunflower seeds at a fair price abroad, bringing in additional income of 13.6 billion tenge.
A Latvian company spent two million euros on Russian chicken feed last year.
A Latvian company spent two million euros on Russian chicken feed last year.
In 2023, Latvia imported animal feed from Russia worth 94.5 million euros, including meal for poultry. Balticovo purchased 6.5 thousand tons of meal, however, the contract was terminated due to cargo overlaps with Ukraine. The Latvian market offers Ukrainian meal for 365 euros per ton. Latvia produces grain for poultry feed locally, but meal is imported. Currently, there is a discussion about a possible ban on the import of agricultural products from Russia and Belarus.
The Grain Union of Kazakhstan calls for the cancellation of the export duty on sunflower exports to support grain producers.
The Grain Union of Kazakhstan calls for the cancellation of the export duty on sunflower exports to support grain producers.
The Union of Grain Crops of Kazakhstan requests to cancel the export duty on sunflower seeds starting from February 15, 2024 due to overcrowded warehouses, low oil export, and financial problems among grain producers. The cancellation of the duty will help to maintain the quality of the products, increase exports, and ensure revenues amounting to 13.6 billion tenge.
Soybean reserves in China decreased by 19%.
Soybean reserves in China decreased by 19%.
Soybean reserves in China decreased by 19% to 5.3 million tons by February 2. Oil processing volumes also decreased ahead of the Chinese New Year: 1.9 million tons of soybeans were processed in a week, which is 4% less than the previous month but 50% more than a year ago.
The Ministry of Energy of Russia assures that there are no fuel supply problems due to the accident at the Tuapse plant, and the reserves are sufficient.
The Ministry of Energy of Russia assures that there are no fuel supply problems due to the accident at the Tuapse plant, and the reserves are sufficient.
The Russian Ministry of Energy assures that there are no fuel supply issues due to the accident at the Tuapse plant, as it is oriented towards exports. Shulginov stated that there are no problems with fuel on the market following the decrease in exports. The question of exempting small plants from duties is being considered.
The President of Kazakhstan is concerned about the lack of progress in the agricultural sector, and an audit of the statistics is needed before 2025.
The President of Kazakhstan is concerned about the lack of progress in the agricultural sector, and an audit of the statistics is needed before 2025.
The President of Kazakhstan expressed concern about the lack of progress in the agricultural sector, analyzing the processing of oilseeds. Inaccurate statistics lead to a lack of data, prompting a full audit of the agricultural sector. Industry proposals to abolish export duties on sunflower seeds are causing disputes. Duties on oilseeds are introduced to increase the processing of products.
Price analysis for the crop by February 22nd.
Price analysis for the crop by February 22nd.
Russian wheat is facing competition from Black Sea countries, barley market is stable, and deals with Iran are supporting corn prices. Soybean deficit is raising prices, but comfortable margin for oil plants allows for price adjustments. There is a slight decrease in wheat prices on the global market, while barley prices remain stable. Corn and sunflower prices also stay unchanged, careful monitoring of supply and demand dynamics for products is needed. Expectations of new soybean shipments from Brazil and Argentina may impact the Russian market.
Bashkortostan exempts farmers from paying taxes for the period of 2024-2026 in order to preserve jobs and support development.
Bashkortostan exempts farmers from paying taxes for the period of 2024-2026 in order to preserve jobs and support development.
In Bashkortostan, farmers are exempt from the ESHN tax from 2024 to 2026. The tax incentive applies to producers while preserving jobs. Regions can set rates from 0% to 6%. The zero rate was in effect from 2021 to 2023, allowing farmers to redirect 165 million rubles towards development.
China is facing a threat to its crops due to severe cold weather: rapeseed and wheat damage is at risk.
China is facing a threat to its crops due to severe cold weather: rapeseed and wheat damage is at risk.
This week, cold weather is expected in China, posing a threat to the rapeseed and other oilseed crops. China aims to increase production to reduce imports, but unfavorable weather conditions may hinder these plans, leading to potential losses of up to 30% of the rapeseed harvest.
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