News company - Oilseeds - Fork Cast

Аkmola region of Kazakhstan plans to increase agricultural crops by 753.1 thousand hectares, reducing the area under wheat and expanding the areas under oilseeds and other crops. Producers have already prepared seeds and signed contracts for fertilizers. Local farmers have submitted 157 loan applications totaling 8.1 billion tenge.

The founder of the group "Rusagro" Vadim Moshkovich and the former CEO Maxim Basov were sentenced by the Meshchansky Court of Moscow to stay in custody until May 25 on charges of fraud and abuse of office. Maxim Basov was also arrested. Law enforcement conducted searches in the company's offices.

Production of French fries is planned to be launched at the "Grand Fries" plant in the second half of 2026 by the company "Miratorg" and the chain "Tasty - and the point". During the project development, potato chips, wedges, and pancakes will be produced. The enterprise promises a large volume of products at favorable prices. The total cost of the project is 19.2 billion rubles.

Orlovskaya Oblast ranks second in the Central Federal District and third in Russia in the production of rapeseed oil. Production has increased fivefold since 2010 and reached 218.6 thousand tons in 2024, including rapeseed, sunflower, and soybean oil at three plants.

China reduced the supply of high-quality vegetable oils, and animal feed increased fivefold to 748,000 tons in six months. Oil exports grew by 19%, reaching 93,000 tons. The country also imported 794,000 tons of grain and 171,000 tons of processed products.

Cleaning of the soybean fields in Brazil as of February 23 has reached 36.4% of the plan. Abundant rainfall has aided the process, but the southern part of the country is suffering from drought.

In the state of Rio Grande do Sul, a decrease in the productivity of oilseed soybeans by up to 40% is expected.

In the Voronezh region, a modern dairy complex for 3600 cows is actively being built. Half of the work has been completed, and the launch is planned for December 2025. The project will cost 6 billion rubles and create 130 jobs. Equipped with the latest technologies, it will be able to produce 33.9 thousand tons of milk per year.

Strong rains in Argentina last week had a positive impact on agricultural crops, especially soybeans. Precipitation expected next week will be a determining factor in stabilizing the situation. A crop yield increase is expected following the drought.

In 2024, the export of sunflower oil from the Krasnodar region increased by 37%. More than 1.8 million tons of oil were shipped to 21 countries, including India, Turkey, and Egypt.

The volume of supplies to Iran in 2023 accounted for 12% of the total export.

In 2024, rapeseed harvest in Russia reached a record level of 4,660.2 thousand tons, showing a growth of 10.9% due to an increase in sowing areas. However, the yield decreased by 13.9%.

Krasnoyarsk Krai leads in rapeseed collection, followed by Altai Krai.

Prices for palm oil have dropped due to low exports from Malaysia and competition with soybean oil. Exports to India have decreased, which has led to a decline in demand. However, prices are still higher than those for soybean oil. Some traders are taking profits ahead of the holidays.

At the "Pig Farming-2024" conference, the general director of the Institute for Agricultural Market Conjunction discussed plans to increase processing of oilseeds that require additional planting areas. The crop yields are differently evaluated: sunflower will decrease, while rapeseed and soybean will reach record levels. Prices for meal are decreasing, raising questions about the quality of soybean. Russian producers of rapeseed meal will face changes in market channels due to the export ban to the EU.