World market - Fork Cast

Russia supports the project of the "New Land Grain Corridor" for grain supplies to the Chinese market. Prime Minister Mikhail Mishustin emphasized the importance of ensuring food security and plans for delivering agricultural products to China.

Export of goods from Russia to China is growing, but not wheat. Supplies of electricity and aluminum have increased, but wheat volumes remain at the same level due to phytosanitary regulations and transportation difficulties.

China imported 6 million tons of wheat, with Russia supplying only 30,000 tons. The main suppliers are Australia and Canada.

Analysis of sunflower sowing areas in the Rostov region showed that it occupies the third place in terms of areas after the Saratov and Orenburg regions. In 2023, the Rostov region led in gross yield and has high productivity. In 2024, the sown areas increased by 0.3%, amounting to 945.1 thousand hectares. Seed yields can reach 2,179.8 thousand tons.

The FAO reported that global food prices reached a historic high in February. The index rose by 3.9% compared to January and by 24.1% year-on-year.

The biggest price increases were observed in vegetable oils and dairy products, while sugar prices decreased by 1.9%.

China has reduced its imports of Russian rapeseed oil by 33%, but Russia remains the main supplier. This year, China purchased oil from 20 countries. The area of ​​rapeseed sown in Russia has increased by 29.3%, with a forecasted harvest of 5 million tons. Domestic demand for rapeseed oil is low, so the majority will be exported.

Turkey insists on continuing the four-sided grain deal and hopes for Russia's participation.

In the 2023/24 season, China has become the largest importer of Russian rapeseed meal, surpassing the European Union. Russian producers are seeking new markets after EU sanctions. Companies are transitioning to molassed rapeseed meal and targeting the Chinese market.

In 2024, agricultural crops in the Saratov region covered an area of 4.3 million hectares, which is 2% more than the previous year. 83% of the grain plan has been threshed, and 3.33 million tons of grain have been harvested. An expected harvest of 4 million tons will meet the region's needs and allow for exports.

180,000 tons of seeds and 159 combines were purchased. Agricultural support amounts to 1.8 billion rubles.

India plans to limit sugar exports for the current season to prevent price increases. This is the first restriction since 2016 due to record production. The export will affect global prices, awaiting official announcement next month.

In the Oryol region, rapeseed is becoming more popular among farmers than wheat. It is reported that rapeseed provides farmers with twice the profit: up to 100,000 rubles per hectare. Rapeseed cultivation began in the 2000s, and by 2024, the sown area reached 133,000 hectares. The plan for harvesting is another 50,000 hectares. Conclusion: Oryol region will reduce grain production due to rapeseed, which is less productive but more profitable.

MARS forecasters adjusted the forecasts for grain yields in the European Union due to the heat. Forecasts for corn and rapeseed yields have been reduced. Regions with limited access to water have been particularly affected. A decrease in the yield of soft wheat is expected in France.

Russian Embassy in Congo is looking for ways to establish contacts between Russian grain suppliers and local buyers. The issue lies in the disagreement over the new delivery terms: Russian companies propose delivery to the port of departure, while Congolese buyers want to receive goods at the port of discharge.