Russian market - Incubator

The Central Bank of Russia has reduced the key interest rate to 20% per annum. Inflation has slowed down, and the economy is recovering.

The Central Bank aims to bring inflation back to 4%. The labor market maintains low unemployment. External factors may affect inflation.

The next Central Bank meeting is scheduled for July 25th.

In the Samara Region, cooperation between industry organizations in the field of unmanned systems was discussed. An Association of developers has been established, open-source software products have been proposed, and a concept of a national award in agriculture has been introduced. A memorandum on the establishment of the association and an agreement between the Regional Government and the UAV market have been signed.

Employees of the phytosanitary post "Khabarovsk" have detected a quarantine pest - the ambrosia beetle in a shipment of linden timber. The beetle causes harm to trees by creating tunnels and passages in the wood, making them vulnerable to diseases and other pests.

In the Orenburg region, more than 3.4 million hectares of spring crops (90% of the plan) and 1.53 million hectares of cereals and legumes (86% of the plan) have been sown. Planting is completed in the steppe regions and is finishing in the rest. The maximum sowing areas are in Adamovsky (153.9 thousand hectares), Kvarkensky (129.2 thousand hectares), and Alexandrovsky (125.2 thousand hectares).

India extends duty-free import of Canadian yellow peas until 2026. China has imposed a 100% tariff on peas from Canada due to a trade war. The export of yellow peas to China has decreased, so access to the Indian market becomes important for Canada.

Russia will also start supplying peas to India, creating competition for Canadian farmers. Canada may reduce prices to maintain its market position.

In early 2025, Russia increased molasses exports by 2.1 times compared to the previous year, earning $15 million. Turkey was the largest buyer, purchasing over 100,000 tons. The export of beet pulp also grew by 7%, with Morocco becoming the main consumer.

The company from Rostov filed a lawsuit in the Arbitration Court of the Tambov Region for 266.3 million rubles against the company "South-Eastern Agrogroup". The reason - a contract for the transportation of goods.

The revenue and profit of the plaintiff for the year 2024 are 287 million rubles and 665 thousand rubles. The defendant grows sugar beets, with revenue and profit for the year 2024 amounting to 17 billion and 7.3 billion rubles.

Rosselkhozbank plans to use cryptocurrencies for trading grain. The bank is exploring the possibility of using digital assets in collaboration with the Central Bank. Futures trading for cryptocurrency has been launched, structured bonds have been developed, and digital assets have been issued by other banks.

Scientific experiments at the station include testing winter wheat and barley. The Yubilei Don variety shows the best results, and farmers are recommended to sow it at a depth of 5 to 6 cm for better plant development. Herbicides can damage the crop in case of moisture deficit. After the experiments, information about the varieties will be provided to farmers for sowing next year.

Early spring crops, sugar beets, rapeseed, and sunflowers have been successfully sown. The completion of sowing late plants is near. Losses from spring frosts in the Kursk region amounted to 250 million rubles - Gennady Babaskin.

Employees of the Product Safety Evaluation Center in St. Petersburg are fighting the dangerous Sosnovsky's hogweed using the herbicide imazapyr. The plant is toxic and widespread on millions of hectares in Russia.

To combat it, a comprehensive approach is recommended: agronomy, chemistry, and biology. Prevention and monitoring of the spread foci are also crucial.