Russian market - Incubator

Starting from September 4, 2024, customs duties will change: they will increase for wheat and rye, remain unchanged for barley, and also increase for corn. The new duty rates are provided in the table below.

Five out of six sugar factories in the Lipetsk region are already in operation, processing 157.2 thousand tons of sugar beets, producing 13.1 thousand tons of sugar, and 4.3 thousand tons of beet pulp. The sixth factory will start operating in September. The region is among the top 3 sugar producers in Russia, having harvested 196 thousand tons of sugar beets with a yield of up to 450 c/ha.

The management experts of the "Grain Quality Assessment Center" of the Novorossiysk branch conducted an inspection of 9,811.2 thousand tons of wheat, which constitutes 94.1% of the harvest. The main volumes of grain were assessed in the Kanevskoy, Kushchevskoy, Novopokrovskoy, Yeysk, and Tikhoretsky districts. The moisture content, gluten, protein, impurities, and grain safety were examined. 78% of the wheat is of food quality, including 17.8% of the 3rd grade and 60.9% of the 4th grade.

The forecast for wheat harvest in Russia has been revised to 82.5 million tons, which is lower than the previous forecast of 83.3 million tons.

Low yield is expected in the central regions and the Volga region, while good results are anticipated in Siberia and the Urals.

Producers are expected to successfully harvest the crop on time.

In 2024, agricultural crops in the Saratov region covered an area of 4.3 million hectares, which is 2% more than the previous year. 83% of the grain plan has been threshed, and 3.33 million tons of grain have been harvested. An expected harvest of 4 million tons will meet the region's needs and allow for exports.

180,000 tons of seeds and 159 combines were purchased. Agricultural support amounts to 1.8 billion rubles.

The corporation "Agrocomplex Labinsky" has invested over 500 million rubles in the development of its sugar plants in 2024. The processing capacity has been increased to 16.75 thousand tons of sugar beets per day.

The area for growing beets has been expanded, with an expected yield of 390 c/ha.

The Ministry of Agriculture will maintain quotas for the import of seeds from unfriendly countries for the year 2025. In 2024, a quota of 33.1 thousand tons of seeds of potatoes, barley, corn, rapeseed, sunflower, and sugar beet was set.

Seed producers are promoting their products on the market.

The company "Grain Terminal Kalininsky" is building a grain reception point, where it is planned to transship up to 100,000 tons of grain per year. The investments amount to 300 million rubles, creating 15 jobs. The governor actively supports investment projects in the region.

In the Gulkevichsky District (Krasnodar Region), sugar beets are actively harvested. Some farms have not started harvesting yet. The average yield is 349.2 c/ha. 19% of the fields have already been harvested. Manufacturers are keeping up with the schedule for deliveries to the plants.

The agricultural holding "Steppe" (part of AFK "Sistema") reports a 10% decrease in yield due to drought and a cold spring. The majority of the grain harvest is estimated at grades 3-4. The harvest of main crops is completed, with a 20% decrease in yield. In 2023, a record harvest of crops was set: 2.1 million tons, wheat - 1.1 million tons. Preparation for the autumn sowing campaign has begun, maintaining the sowing area. The import substitution program is being successfully implemented.

There are plans to increase the volume of agricultural sector production in the Tula region to 150 billion rubles by 2026. Investments of at least 3 billion rubles annually will be required. They also intend to increase exports to 15 billion rubles. The region is planning to increase the sowing area and harvest collection. This year, production is expected to grow to 117.6 billion rubles.

In 2024, Russian farmers insured 9.2 million hectares of crops, which is 42% more than last year. They are insured under two programs: "multi-risk" and "emergency situations". The insured area under the latter program increased by 87%, reaching 2.5 million hectares. The NSA urges to discuss the insurance terms earlier.