News company - Stern - Fork Cast

The grain agency of Tunisia has successfully held a tender to purchase 100,000 tons of soft and hard wheat of various origins.

Buildcom and Cargill have won the tender for the purchase of soft wheat, while Viterra, Casillo, and Amber have won for the purchase of hard wheat.

The deliveries will be made from March 1st to April 5th, 2025.

The Ministry of Agriculture is creating an educational system for the rural sector: from agricultural classes to higher educational institutions. The head of the department, Oksana Loot, plans to fill the labor shortage. Mr. Kashin notes problems with living conditions in rural areas and improvements. It is important to develop rural areas and ensure their funding.

The opinion of the Grain Producers Association of Canada on the deal of Bunge's acquisition of Viterra: the Minister of Transport's decision does not ensure competition protection, selling part of the shares will not solve the problem, potential losses for farmers up to $770 million per year, the deal will cause issues in the market and will require review. Bunge will buy Viterra for $6.2 billion in stocks and $2 billion in cash.

The sunflower oil market in Ukraine is stable.

Exporting companies were interested in the oil stocks, which could affect purchasing prices. Consumers continue to show moderate interest, with prices ranging from 21000 to 23500 UAH per tonne including delivery.

Algeria is building 350 new grain storage facilities to increase grain imports, particularly from Russia. The country plans to increase its grain storage capacity from 3.4 to 9 million tons. Experts highlight the advantages of Russian grain due to its quality and price, unlike French grain, whose shipments have decreased by 85%.

It is unclear what the harvest will be in the spring of 2025 due to the climate. Farmers are forced to borrow money to pay for agronomic needs. The crop in the south of Russia is currently stable, but there may be problems with competition from exporters due to logistical difficulties. A critical crop failure is unlikely.

Starting from January 1, 2025, Russia has introduced a 5% export duty on peas, chickpeas, and lentils. Previously, until the end of 2024, duties ranged from 4 to 7%. The new rules will be permanent. This decision aims to balance exports and domestic demand.

Sales of grain from the State Intervention Fund at the Exchange decreased by 5.7 times - to 945 tons for 14.241 million rubles. The trades were conducted in 12 mini-sessions, with the next ones scheduled for December 26-28. The Fund has accumulated 4 million tons of grain since the beginning of purchases in 2023 and successfully sold 113,940 tons of wheat.

In the Kursk branch, research on maize continues. 27.9 thousand studies have been conducted with a total volume of 1.21 million tons. The grain is being tested for compliance with standards, impurity content, and safety. The tested samples meet the requirements. Specialists recommend monitoring exports and compliance with storage rules.

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.

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.

The start of Russia's agricultural exports in 2024 showed a 10% growth in volume, but a decrease in value, which Krasnov hopes to rectify by the end of the year. The potential for further development is seen in the export of meat, milk, and processed products. Russia plans to export more than 108 million tons of products abroad in 2024.