International trade - Incubator

The construction of a grain terminal is planned in the Nikolaev region with a capacity of 10,000 tons per day. The terminal will accept grain from trucks and railway transport, then transship it onto barges and bulk carriers. The terminal will have unloading lines, machines for cleaning and drying the grain, as well as silos for 40,000 tons. The construction is planned to be completed in 24 months.

Louis Dreyfus Co. has introduced a new collection of specialized feeds made from fermented soybean meal in China. The new line promises to increase protein content, improve taste, and digestibility of the feed. The use of innovative technology makes the product competitive.

USDA FAS Forecast: In Egypt, by 2024/25 wheat production is expected to increase to 9.2 million tons due to higher yields and expanded acreage. Imports are forecasted at 12.5 million tons, driven by the strong currency, encouraging imports and easing port congestion.

The buckwheat harvest in Russia this year will decrease, but the prices for buckwheat will remain stable, according to Vladimir Petrichenko. Rice production will increase. A decrease in the production of millet, oats, and a reduction in the sown areas for some crops compared to last year are expected.

Summer has become problematic for rapeseed producers in the Krasnoyarsk Territory. Therefore, they started developing soybean cultivation as an alternative. They are sharing their experience of successful production with the Amur region. Export problems with rapeseed led farmers to bankruptcy.

In the Ukrainian market, prices for fodder barley continue to rise due to restrained sales, forcing importers to raise purchase prices. The demand for barley is supported by increasing prices in neighboring markets. In the ports of Odessa, prices have risen by 2-3 dollars, and in the ports of the Danube - by 1-2 dollars per ton.

In Brazil, 16% of the first crop of corn has been planted, exceeding last year's result. After rain in Rio Grande do Sul and Santa Catarina, planting work has accelerated, and soil moisture in Paraná has increased. Soybean planting has begun, but it accounts for less than 1% of the planned area. Wheat harvest is 25% complete, with fields in good condition despite fungal diseases.

On the territory of the Pskov region, 82% of grain crops and 11% of rapeseed have already been harvested, exceeding last year's figures. The potato yield is 342 c/ha. The forecast predicts a grain harvest at the level of last year and an increase in rapeseed yield. There are also plans to increase the potato and vegetable yields.

The increase in exports has raised freight rates on routes from Ukraine to Europe. However, low demand does not allow ship owners to benefit more. Experts note that the cost of transportation remains at a minimum due to a lack of cargo.

Russia has received permission for regular shipments of lentils to India. The Federal Service for Veterinary and Phytosanitary Surveillance has confirmed that Russian lentils comply with quarantine requirements, allowing for the exports to begin. In 2024, Russia exported 545,000 tons of legumes to India, which is 23 times more than the previous year.

According to USDA data, 25% of winter wheat has already been sown in the USA, which is 14% more than last week. 14% of corn has been harvested (up by 5%) and 13% of soybeans (up by 7%). More than 61% of corn and 64% of soybeans are in good condition.

In August, China imported 12.14 million tonnes of soybeans, with 84.3% coming from Brazil, and only 202 thousand tonnes from the USA.

From January to August, China bought 53.8 million tonnes of soybeans from Brazil (an increase of 217%) and 12.8 million tonnes from the USA (a decrease of 73%).