All news - Incubator

The Governor of the Rostov region has reported a crop loss due to bad weather: the seedlings froze, there was no rain, crops suffered on 210,000 hectares. The losses are estimated at 30%. A similar situation was observed in other regions, where frosts reduced the apple harvest and caused damage to farmers.

Abnormal precipitation in the state of Rio Grande do Sul has affected the production of soybeans and biodiesel. Companies are forced to temporarily halt operations due to floods and a shortage of raw materials. Processing plants are facing logistical problems due to the inability to deliver soybeans.

Russian grain will be exported to the countries of the Middle East, North Africa, India, and China.

Turkey's refusal of wheat will not affect the export from Russia. It is predicted that the volume of grain exports will decrease from 70 to 60 million tons after July 2024.

Pavel Kosov from "Rosagrolizing" talked about the company's plans in the new conditions. The main goal is to develop a branch network for close servicing of farmers. The company is also expanding leasing and digital solutions, as well as collaborating with foreign manufacturers.

Unmanned technology will not replace people yet.

Within the Eurasian Economic Union, as of the beginning of the 2023/24 season, 7.62 million tons of sugar have been produced. Russia produces 6.82 million tons of sugar from beets, while Kazakhstan has produced 17 thousand tons of raw cane sugar.

There are four plants operating in the union: three in Kazakhstan and one in Russia.

The Ministry of Agriculture suggests restricting the export of white sugar from Russia beyond the EAEU borders in order to ensure stable prices. This proposal will be discussed with representatives of the EAEU countries.

The Russian government is developing the agro-industrial complex in the Far East. Projects, including increasing grain supplies to China, are already being implemented. Prime Minister Mishustin is concerned about the region's development and support for farmers.

Agricultural holding "Miratorg" plans to build a breeding and seed-growing complex worth 4.2 billion rubles in the Kursk region by the end of 2025. The complex will create 30 jobs and have a production capacity of 25,000 tons of products annually. The partnership agreement was discussed at the St. Petersburg International Economic Forum (SPIEF) in 2024.

Senator Kerimov plans to participate in the privatization of the Makhachkala port, which will be transferred to a strategic investor. An increase in cargo transportation up to 1 million tons, including grain, is expected, as well as the development of other directions.

Freezes in early April damaged up to 30% of sugar beet and other crops in Germany. Farmers are concerned about vineyards. The damage from frost cannot yet be fully assessed. Re-seeding sugar beets in affected areas costs farmers 300 euros per hectare.

At today's trading session, prices for raw sugar decreased worldwide: sugar No. 11 in New York dropped by 0.22 points, while London white sugar ICE No. 5 decreased by 7.50 points. The reason for this was the closure of long positions and the rise of the dollar index.

In 2023, Russia harvested 29.9 million tons of oilseeds, almost three times more than in 2012.

The Ural and Siberia regions have the potential for development and attracting investments. New plants in these regions will help increase production and exports.