Winter crops, Stern - Fork Cast

At the All-Russian Grain Forum, the deputy head of the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) stated that Russian grain suppliers are now the second largest in terms of volume of supplies to Mexico and are aiming to become leaders. Grain exports have increased by 14%: to Mexico - 297.6 thousand tons since the beginning of 2024. Purchases of grain have also increased by countries such as India, Vietnam, Indonesia, Bangladesh, Georgia, Iraq, and others.

The Hydrometeorological Center forecast: the probability of May frosts recurring in the center of Russia is 20-40%. In the south of the country, the risk is almost non-existent. The overall probability of frosts in May has decreased compared to the last century. Last year, the frosts were devastating, nearly 1 million hectares of crops were destroyed.

Warm winter contributes to the improvement of winter crops, but the risk of crop failure remains high due to lack of precipitation. Experts warn about the unstable situation and possible threats to the harvest. It is important to increase the amount of rainfall to compensate for the drought.

Company "EPT" plans to supply 26 million tons of grain to Iran from 2024 to 2035, with the possibility of increasing the volume to 55 million tons. The agreement is signed with the Iranian company IranianEurasia.

The project aims to increase trade turnover and develop the "North-South" transportation corridor.

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%.

World wheat prices had different trends: soft wheat on CBOT rose, hard wheat on KCBT and MGE fell; corn prices increased, while rice prices dropped. Grain export quotas are being redistributed due to violations. The state fund purchased 881.6 thousand tons of grain, and the area under hard wheat will increase.

The Ministry of Industry and Trade of Russia has contacted the Federal Antimonopoly Service of Russia with a request to index prices for fertilizers. Manufacturers have proposed a 15% price increase starting from January 2025. The "frozen" prices will be in effect until May 2025.

Rosselkhoznadzor has expressed concern over the violation of temporary restrictions on the import of Kazakh wheat into Russia. Cases of grain products being imported without direct transshipment have been registered, posing a risk of spreading harmful organisms. Compliance with quarantine and phytosanitary requirements is required.

Wheat prices on the world markets increased from December 20th to December 27th, 2024. Russian wheat prices decreased, and the CPT Novorossiysk index fell. The grain harvest in Russia decreased, while the volume of grain exports from Russia and Ukraine increased.

Kazakhstan harvested 26.7 million tons of grains.

State crop quality monitoring of the 2024 harvest in the Orenburg branch of the Federal State Budgetary Institution "TSOK APK" has been successfully completed. A total of 2.9 million tons of grain were examined, with over 64,000 tests conducted.

Results:

• Soft wheat - 37.6% third grade, 32.2% fourth grade, 27.7% fifth grade;
• Hard wheat - 29.6% third grade, 44.2% fourth grade, 24.8% fifth grade.

The US Department of Agriculture has reduced the forecast for wheat harvest in Russia by 5 million tons and estimated the remaining stocks at 250,000 tons. The export forecast has been reduced by 4 million tons. The corn harvest has decreased by 600,000 tons, and the production of feed grains by 1.1 million tons.

The European Union has increased the wheat export forecast, while Ukraine has reduced the forecasts for wheat and increased them for corn. The global wheat harvest forecast has decreased by 7.44 million tons.

The corporate group is planning to build a grain and container terminal in Iran for grain deliveries from Russia. The costs for the project will amount to 10 billion rubles for the grain terminal and 7 billion rubles for the container terminal. The construction is planned to be completed by 2027.

The organization is also working on a similar terminal in the Trans-Baikal Territory.