Cereals - Incubator

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.

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.

At the St. Petersburg International Economic Forum, an agreement was signed between the Kuzbass government and the "Rusagro" group to establish rapeseed and rapeseed oil production in 2027. The investment will amount to 21 billion rubles, and the plant will create 200 jobs. The governor plans to produce 1 million tons of rapeseed and 600-700 thousand tons of oil, expanding the logistics of product delivery.

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.

Scientists from the Buryat Agricultural Academy are developing an antibacterial balm based on wormwood. The balm has antiseptic and antioxidant properties, does not contain imported components, and is suitable for skin care.

To produce the balm, wormwood will be cultivated, which grows in Buryatia.

The governor of the region emphasized the importance of a new project for flower production, replacing imports. Farms in the Yaroslavl region are planning to increase the production of orchids and roses, increasing the annual turnover to 5.5 billion rubles and creating new jobs.

At the St. Petersburg International Economic Forum (SPIEF), plans by the Tavros Group to build a complex for egg processing in the Nizhny Novgorod region were announced. The project aims to create thousands of jobs and develop infrastructure in several districts.

The project is supported by the governor and Alpha Bank, who see it as a way to promote economic growth and ensure food security.

The State Property Fund has put up for auction the complex of the "Nepolokovetsky Bread Products Plant" in the Chernivtsi region. It includes 129 real estate objects, 24 vehicles, and 1204 pieces of equipment. The starting price is 217.38 million UAH. The auction winner will have to pay off the company's debt of more than 26 million UAH.

According to the Ministry of Agriculture of Turkey, wheat imports will be banned from June 21 to October 15, 2024. Experts claim that this will impact the market, but the outlook appears optimistic.

Turkey is planning to increase its flour milling capacity, which will allow exporters to find alternatives.