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Grain prices on exchanges on 30.05.24:

Corn -6.50 ¢/bsh ($448.75)

Wheat SRW -11.75 ¢/bsh ($681.00)

Wheat HRW -10.25 ¢/bsh ($709.50)

Wheat HRS -10.00 ¢/bsh ($742.00)

Oats +1.25 ¢/bsh ($385.75)

Rough rice -0.01 usd/cwt ($17.83)

In the Volgograd region, the area of second sowing will be increased by 190.7 thousand hectares after the death of agricultural crops due to frosts.

According to the previous indicator - 1.340 million hectares, 30 thousand hectares more have been sown than last year.

Substitute planting is planned for 190.7 thousand hectares of spring, technical, and fodder crops.

Demand for sugar is high, but prices are not rising due to increased supply. Price forecasts are uncertain due to the rise in the cost of raw material production. Export of Belarusian sugar to Russia is decreasing. Transit of raw materials has increased.

In North Ossetia, a greenhouse complex is planned to be built for growing tomatoes, which will increase production to 19,000 tons by 2026. The investments will amount to 15 billion rubles, and 860 jobs will be created. The company "Alania" intends to compete with importers, especially during the winter.

India plans to resume wheat imports from Russia after 6 years to stabilize prices due to crop failure. The market may also start importing chickpeas and other grains. India has increased agricultural imports from Russia by 76% to $572 million in the 1st quarter.

Vice director of Rosselkhoztsentr Natalia Shmeleva gave advice on determining plant damage. She recommends replanting crops if there are less than 250 stems per square meter, and using local sunflower seeds in case of damage.

Tajikistan has been fighting locusts for 10 years already.

The problem involves chemical treatments, and the use of drones is proposed for effective control and minimization of impact on the environment.

International cooperation will help strengthen the country's resilience against insect pests.

Favorable rains in Georgia will lead to a 20% increase in wheat harvest in 2024, up to 180,000 tons. The planned harvest is scheduled for the coming weeks. The media shared data from the Grain and Flour Association of Georgia. Weather will be a key factor.

In the Saratov region, a grain harvest of 3.5-4 million tons is expected in 2024. With favorable conditions, farmers can collect up to 4 million tons. $7.8 billion rubles have been allocated to combat the consequences of frost. A state of emergency has been introduced due to the death of agricultural crops on an area of 41 thousand hectares.

The USDA analysis showed that 48% of cropland in the US has good crops, which is 1% less than a week ago, but better than a year ago (34%).

Spring wheat crops have increased to 88%, compared to 79% last year. Corn and soybean plantings are also lower than last year but correspond to the average indicators of previous years.

In 2024, the Rostov region plans to increase the export of agricultural products to China. Last year, the export volume tripled, reaching 662 thousand tons worth $294 million. The exports include meal cakes, sunflower oil, flax seeds, dried peas, duck and turkey meat, as well as milk, cream, rapeseed, and rapeseed oil.

Cooperation with China is planned to be further developed.

Vladimir Putin has stated that without an extension of the "grain deal," Russia will supply grain to African countries for free. The volumes will be the same as before. The deal is agreed for 60 days taking into account the needs of African countries. Russia emphasized the importance of complying with the requirements.