World market - Incubator

The cost of offers for delivery in July 2024 has increased to $884.40 per ton (+$4.02), decreasing by $1 in a week. Over the month, the price dropped by $6.03.

In 2022, the price reached $1619.05, while in 2019 it was $493.45 per ton.

On June 27, 2024, the price for supply of goods for September dropped by 0 dollars to 964.52 dollars per unit.

During the week, the price decreased by 13.45 dollars, and for the month by 48.06 dollars. The maximum price was 1761.72 dollars in June 2022, while the minimum was 569.67 in April 2020.

958.79 dollars was the highest price in July since June 21st.

In 2023, Pakistan purchased 800,000 tons of wheat from Russia for $550 million. Bilateral trade reached $733.8 million, showing an increase of 88.9%. Pakistan exported goods worth $88.5 million, while imports from Russia to Pakistan totaled $645.2 million, marking a 154% increase.

The wheat supplies accounted for $550.1 million, and oil supplies amounted to $20 million. Deliveries are expected to continue in the future.

At the closing of trading, the world sugar №11 in New York added 0.60%, reaching 21.77. The London white sugar ICE №5 rose by 1.44%, closing at 628.80. The increase in prices is associated with the strengthening of the Brazilian real, which contributed to the closing of short positions in sugar futures.

During the previous trading session, sugar prices rose: the world price in New York increased by +1.33%, while London white sugar rose by +1.78%. The rise was caused by drought conditions in Brazil - there is not enough rainfall for sugar production.

In 2024, the government of the Perm Krai awarded 5 companies for innovations in the industrial sector. One of them is LLC "KAMA" from Krasnokamsk, which uses aspen to create packaging cardboard. Their technology increases the efficiency of using forest resources and reduces the negative impact on the environment. The company successfully replaces imported cardboard with domestic ones and passes international safety checks.

On June 27, 2024, the delivery price for July 2024 decreased to $423.34 per ton, $3.85 cheaper than the previous day. Over the week, the cost dropped by $1.1, and over the month, it decreased by $28.38.

It is important to note the minimum prices for deliveries in September and November 2024.

Grain prices on June 28, 2024: corn on CBOT fell to 397.25 ¢/bsh, wheat SRW on CBOT decreased to 553.50 ¢/bsh, wheat HRW on KCBT fell to 587.50 ¢/bsh, wheat HRS on MGE rose to 613.00 ¢/bsh, oats on CBOT increased to 309.75 ¢/bsh, rough rice on CBOT rose to 16.97 usd/cwt.

Scientists have studied the genome of sugarcane, describing its complex structure, and found genes responsible for disease resistance, including brown rust. Deciphering the genome of the R570 hybrid will help create new productive and energy-efficient varieties. This discovery contributes to improving the production of bio-based products and bioenergy.

Prices for sugar in New York and London have decreased due to increased production in Brazil. In March, sugar production in this country increased by 313%, reaching 42.245 million tons for the 2023/24 year.

Factories are focusing on sugar by increasing the processing of sugarcane to 48.96%.

Prices for sugar have increased in New York and London due to rising oil prices. The USA will reduce sugar imports from Mexico, which will raise prices and stimulate the search for alternative suppliers.

Rains in Brazil have improved the prospects for sugarcane crops, although long-term challenges are expected.

More than 200 Russian and 100 foreign delegates, including leaders from Egypt, Brazil, India, and China, are participating in the BRICS countries' Conference on the agro-industrial complex. The discussions are focused on trade prospects, strengthening cooperation, and influence on the global market.

A round table was also dedicated to the development tools of the alliance countries' interaction.