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Karachay-Cherkessia plans to increase the gross harvest of grain and leguminous crops to 496.9 thousand tons by 2030, which is 24.2% higher than the previous level. State support in the form of subsidies and expanding the arable land will help achieve the set goal. In 2024, producers were allocated 36 million rubles in subsidies.

The National Commodity Exchange has launched a test calculation of new exchange indices for sunflower seeds, rapeseed, and margarine. The indices display prices per 1 ton of the product. The calculations are based on NTB auction prices including VAT. Market interest in the new indices is planned to be evaluated.

With the new direct grain transshipment system to ships at the Port of Kuryk, 6 vessels have already been sent, and the new grain terminal can handle up to 1 million tons of grain per year.

The cargo turnover in Mangistau increased by 1.3% in the first 11 months of 2024.

50 thousand tons of ammonia nitrate have been shipped via the Trans-Caspian Route.

Grain prices as of December 20, 2024:

Corn on CBOT rose to 446.25 ¢/bsh, wheat SRW costs 533.00 ¢/bsh, HRW on KCBT - 544.75 ¢/bsh, HRS on MGE - 590.25 ¢/bsh, oats on CBOT - 351.25 ¢/bsh, rough rice - 14.07 usd/cwt.

The USMCA Trade Commission has deemed Mexico's ban on genetically modified corn from the USA as illegal. Mexico disagrees with the decision, stating that it is based on health protection. The appointment of Mexico's new president has not influenced the decision to maintain the ban.

The Novorossiysk Grain Terminal and the Grain Terminal Complex Taman, which are part of the corporation "Demetra-Holding", have achieved historical success in handling grain from January to November 2024. The volume of grain handled at NGT reached 6.6 million tons (an 11% increase), while at GTCT it reached 5.4 million tons (a 26% increase). Both terminals showed improvement in the number of ships and vehicles.

India extends the temporary ban on futures trading of key agricultural commodities until January 2025. SEBI has shortened the ban by one month, signaling a possible resumption of futures trading at the beginning of next year. The decision has a positive impact on the oilseeds market in the country.

Prime Minister Mikhail Mishustin has allowed the export of rapeseed seeds from the Trans-Baikal Territory at the minimum customs rate. The restriction has been extended until August 31, 2025, with an export volume of 23.1 thousand tons. The measure is aimed at developing the production of oilseeds in the region.

In Astrakhan, a terminal complex is planned to be built for the transportation of grain and vegetable oil. This will help increase shipments to the Caspian region, as well as to destinations including Africa, the UAE, and India.

Previously, there was a lack of equipment for oil transshipment, so their shipment to Iran was carried out through other countries.

On the Russian market on December 20, 2024, 17 wheat contracts were sold, with a total volume of 3850 tons. The average price was 18426 ₽ per ton. The goods were offered at different prices, with volumes ranging from 510 to 1500 tons.

Natalia Goncharova, acting Minister of Agriculture of the Kursk region, announced a successful harvest. In 2024, 4.4 million tons of sugar beets were harvested, producing 460 thousand tons of sugar.

Production of soybeans in the EU has decreased due to poor weather conditions. The European Commission has reduced the forecast to 2.8 million tons, which is 10,000 tons less than the previous year. In Romania, the harvest has decreased by 44%, reaching 171,000 tons. Hungary has increased production by 50%, but yields remain below average. Italian companies have reduced soybean imports by 5%. Sunflower crop in the Balkans is also expected to be low due to bad weather.