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The forecast for grain production in the world for 2024 has been raised to 2854 million tons due to the growth in feed grains. Consumption is also higher than last year. Grain stocks will remain high by the end of 2025. Global grain trade remains stable, with changes in the export of various types of grain.

Indonesia has increased grain imports from Russia: this year 95 thousand tons were purchased for $26.1 million, which is 11 times more than the previous year. The total volume for six months reached 782.6 thousand tons for $221.4 million, which is 80% of last year's shipments.

In 10 months of 2024, the Rostov region exported 3.04 million tons of wheat, which is 11% more than the previous year. The exported products went to Turkey, Egypt, Greece, and Albania.

In November, 265.1 thousand tons of grain were sent, with the main buyers being Turkey, Albania, Tunisia, Iran, and Lebanon. (Source: RBC Rostov)

Mostakbal Misr has canceled tenders for the purchase of wheat and vegetable oil, causing expectations among traders.

Direct deals by the agency could change the trading system. Traders are waiting for instructions from the agency.

In China, in the 2024/25 season, the soybean harvest will decrease by 3% to 1.12 million tons due to a decrease in sown areas, but the yield will increase by 2%. The demand for soybean seeds will fall by 5% to 580 thousand tons.

A growth in the production of rapeseed is forecasted: spring rapeseed by 10% and winter rapeseed by 9%.

The export duty rate on sunflower oil from the Russian Federation will increase to 9,195.8 rubles per ton in December, which is three times higher than in November. The duty rate on sunflower meal will also rise to 3,788.4 rubles. The decision to extend the duties until 2026 was made by the Ministry of Agriculture of the Russian Federation in August 2024.

Prices for sugar have risen: SBK24 futures closed at +0.27 (19.54; +1.40%), ICE №5 SWQ24 rose by +9.60 (568.90; +1.72%). Conab reduced the forecast for sugar production in Brazil for the 2023/24 season, but increased the forecast for ethanol production.

"Agricultural holding 'Astarta-Kyiv' has reported that sugar production at five plants has increased to 271 thousand tons of sugar since the beginning of August. The segment's revenue has grown by 19% to 169 million euros for 9 months. Sugar exports have increased by 43%, reaching 289 thousand tons."

Sales of agricultural machinery in Russia will decrease by 15% in 2024 and another 10% in the following year. Alexander Altynov expects 10-12 dealers to leave due to financial problems. The market heavily relies on "Rosagroleasing" and Chinese brands. Altynov predicts an increase in bankruptcies among dealers in 2025, which will lead to further sales decline.

Russia will increase the export of agricultural products to Chile, focusing on wheat. By 2030, exports could reach $110-111 million. In recent years, Chile has been actively purchasing plant and animal products from Russia. Experts believe that the future of trade will depend on consumer preferences in Chile, especially on prices of goods.

Company AGROTRAY conducted 313 studies on winter wheat and rapeseed. 7 new varieties with increased yield and resistance have been developed. 2 wheat varieties and 5 rapeseed hybrids have been selected for production. Standard plant protection schemes have been tested. Herbicides and fungicides will be tested in 2025.

In the Tomsk region, participants of the competition used drones to transport hay and complete the track. The goal was to attract youth to unmanned technologies in agriculture.

The teams "P.I.P." and "Sacramento" emerged victorious, with participants receiving bonuses for further education. A total of 150 schoolchildren and students took part in the competition.