Monitoring - Fork Cast

The Russian Union of Flour Mills predicts an increase in flour production to 10.3 million tons in 2024. The production of wheat flour is growing, while rye flour is decreasing due to the high cost of grain. A decrease in rye harvest is expected in the future.

According to Rosstat, gasoline prices in the Kemerovo region are as follows: AI-92 - 52₽, AI-95 - 56.69₽, AI-98 - 75.28₽, diesel fuel - 69.74₽.

Kuzbass has some of the lowest gasoline prices, especially for AI-98. Kemerovo region is also among the top 10 regions with low prices for AI-92.

Oil Union forecast: the export duty on sunflower oil in December will increase to 8,000 rubles per ton, in January - up to 15,000 rubles per ton.

Estimates for oilseed crops were overstated; the shortfall is being compensated by yields in the Volga region and Altai. The average prices for sunflower seeds have reached a maximum in two years - 45,200 rubles per ton.

Last week, prices for Russian wheat decreased to $226/ton FOB. Prices for French wheat dropped to $238/ton, while American wheat increased to $258/ton.

Forecasts for corn and soybean harvest in the U.S. were lowered, but the overall forecast for global wheat production remained unchanged. Prices for wheat on the domestic market stayed stable.