International trade - Incubator

The prices for sunflower seeds in Russia have increased to 35.6 thousand rubles, for corn – to 13.8 thousand, for soybeans – 35.4 thousand, for rapeseed – 31.9 thousand rubles.

On the global markets, grain prices have decreased. Grain has already been harvested from 46.8 million hectares.

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.

"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.

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.

March wheat prices on the CBOT fell to $201.54 per ton, on the KCBT to $200.07, and on the MGE to $217.24. Wheat and corn futures slightly decreased ahead of Thanksgiving Day. Quotations for wheat and corn also declined on the MATIF.

In Bashkortostan, a record harvest of sunflower oilseeds has been collected – 504 thousand tons from an area of 290 thousand hectares. The Sterlitamak district stands out, with 41 thousand tons harvested at a yield of more than 20 c/ha. In total, farmers have harvested 700 thousand tons of oilseeds. More details.

The volume of soybean processing worldwide increased by 14% to 29.8 million tonnes in October. The indicator grew significantly in Argentina - 4.14 million tonnes (+122.6%). Experts predict that by 2024/25 the volume of soybean processing will reach 22 million tonnes, with the leading countries being Argentina, the USA, Brazil, China, and the EU. There may be a reduction in rapeseed and sunflower processing by 8 million tonnes.

Agriculturists of the Republic of Tuva successfully received compensations from the insurance company "VSK" for insuring their crops against heat and drought. The amount of compensation was 2.5 million rubles, with an annual insurance premium of 142 thousand rubles. Agricultural insurance in the region has been paid out for the third year in a row, covering grain crops and expanding.

The volume of processing oilseeds in the EU increased by 11% in October, reaching 3.32 million tonnes. The total volume since the beginning of 2024 amounted to 33.04 million tonnes, exceeding the data for 2023. Rapeseed processing reached 1.69 million tonnes, soybeans - 1.07 million tonnes, sunflower - 554 thousand tonnes.