International trade - Incubator

During the first half of 2024, Moldova exported 264,000 tons of corn. The export decreased due to low crop yields caused by dry weather. The main destination was Romania (36.5%), followed by Turkey and Switzerland.

From 2021 to June 2024, Moldova exported 138.5 million liters of alcohol and 73.3 thousand tons of DDGS.

Agrarians in Kuban have started to harvest soybeans from an area of ​​over 197,000 hectares, growing domestic varieties bred to be resistant to drought and heat.

Last year, soybean exports reached 3,500 tons worth $1.7 million. In 2023, the harvest amounted to 328,000 tons.

In Crimea, 1,528 thousand tons of grain were harvested this year, with record indicators in some regions. The harvest ensures food and feed supply. Agricultural machinery coped with drought thanks to changes in sowing. Authorities emphasize the importance of investments in agriculture.

In Kazakhstan, the prices for flax and rapeseed continue to rise. Red lentils are in demand, while lower-quality beans are available for 150 tenge per kilogram. Prices for oilseeds and legumes vary by region, quality, and delivery conditions.

The company "Tula Plant of Vegetable Oils" has increased its production by opening a new site in Yelets. The project's investments amounted to over 3 billion rubles, and 177 new jobs have been created. A new production facility is planned for further oil processing.

Prices for forage barley in Ukrainian ports are rising due to a grain shortage in the market, delays in sales from producers, and high demand from importers. In the port of Odessa, prices have risen by 5-7 dollars to 162-172 dollars per ton CPT port, while in the Danube port, prices have increased by 1-3 dollars to 163-171 dollars per ton CPT port.

Uzbekistan has increased its import of sunflower oil from Kazakhstan by 70%. The export of crude oil has grown to 92.9 thousand tons, refined oil - to 34.42 thousand tons. The export of seeds has decreased to 4.7 thousand tons due to a duty.

A conference will be held in Tashkent on September 18-19.

The wheat reserves in Turkey are expected to decrease by 61% due to the mandatory import ban until October. Grain production will decrease by 11%, and imports by 30%.

Flour exporters are worried about high prices and the potential loss of markets.

In July, India acquired a record 1.92 million tons of vegetable oils, with 1.45 million tons already delivered. The high demand is driven by price increases and expectations of higher import duties. It is expected that imports of palm and soybean oils will increase by 45%, while sunflower oil imports will decrease by 18%.

Analyst from MarketsFarm highlighted the positive outlook for grain crop in Canada after a trip to the prairies. Yield estimates for durum and spring wheat have increased, a new record is expected for Western Canada. Burnett is surprised by the absence of diseases in wheat.

The export duty on sunflower oil from the Russian Federation will remain zero, while on sunflower meal it will increase by 2.1 times. The price for oil will be $798.3 per ton, while for meal - $211.2.

The base price for calculating the duty on meal has been increased to 15,875 rubles, while for oil it remains at 82,500 rubles.

Kazakhstan and Azerbaijan have agreed on veterinary certificates for the export of milk, meat, and other livestock products. According to the Ministry of Agriculture, work is also underway to expand the range of products for export.