Rice - Incubator

The Novorossiysk Federal State Budgetary Institution "Grain Assessment Center" received 316 tons of raw rice from Italy and Turkey in the first quarter of 2024, increasing the import by 4.5 times. Italy became the main supplier of rice, importing 76% of the total volume. They also imported 11.5 thousand tons of rice groats from other countries. Rice from Vietnam successfully passed the quality inspection, importing 30% of 132 tons in 2023.

Climate conditions can influence prices. Barley exports have reached a record high, no price decrease is expected. Sunflower prices are rising due to demand from China and India. Corn prices remain stable. Sources: exchanges.

The area of grain crops sown in France will decrease in 2024 to 6.81 million hectares (-6.8%). The area under soft wheat will decrease to 4.39 million hectares (-7.7%). There is a lot of precipitation, so there will be fewer winter crops. Instead, spring crops such as barley and spring wheat will be planted.

Ministry of Agriculture forecast: in 2024, the yield of grain and oilseeds in Ukraine will reach approximately 74 million tons. Wheat - 19.2 million tons, barley - 4.9 million tons, corn - 26.7 million tons. Oilseed production: soybeans - 5.2 million tons, sunflower - 12.4 million tons, rapeseed - 4.1 million tons. The sown area will also decrease.

Spring work has begun in Tatarstan: fertilizing winter crops and perennial grasses on more than 877 thousand hectares, harrowing in 6 districts. Precipitation exceeded the norm by 70%, the temperature has risen, and plant growth has started. It is important to sow spring crops on time, otherwise crop yields decrease.

The Chinese National Agricultural Technology Extension Center reports on the launch of the first unmanned rice farm in Guangxi Zhuang Autonomous Region: "Now in China, the spring rice planting season is approaching. On March 26, the first unmanned rice farm in Guangxi was put into operation in cooperation with the agricultural technology cooperative "Inong" in the Ganbei district of Guigan city. Here, on a demonstration field, the unmanned rice seeder sows in an orderly manner."

The company "APK Resource" plans to invest 15 billion rubles in a project for rice cultivation and processing in the Astrakhan region by 2026. The project will create 950 new jobs, include 20-22 thousand hectares of rice fields, and two plants. The initiative contributes to the development and retention of profits in the region.

In Azerbaijan, the demand for rice is covered by imports, which are lacking due to restrictions from exporters. Experts predict an increase in prices due to a deficit in the world market caused by natural disasters. Farmers complain about rising expenses and low yields, expecting prices to rise. Wholesale rice prices fluctuated last year.

India has allowed the export of rice to Singapore, emphasizing the close relationship between the countries and compliance with food safety requirements. This step was taken after a request from Singapore and other countries.

"The project in the Astrakhan region involves the creation of 1,000 jobs. The company "APK Resurs" is investing 15 billion rubles in rice cultivation and processing by 2026, expanding the fields by 20-22 thousand hectares. The production volume will reach 146,000 tons of products, establish two plants, and retain added value in the region. Agriculture remains a key industry."

The rice harvest in the Chechen Republic increased by 2.3% and reached 8.8 thousand tons. The area of rice paddies in the region is 15.2 thousand hectares, some of which is used for other crops. Measures to develop irrigation have allowed putting 1.6 thousand hectares of irrigated land into operation. There are plans to increase the rice cultivation area to 4 thousand hectares.

South Korea plans to increase rice consumption among adults and university students by expanding the breakfast program and developing new rice-based products. The government will also reduce rice cultivation areas to increase the country's self-sufficiency in grain. The projected level of rice production will remain stable.