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Analysts have raised the forecast for wheat exports in March to 1.85 million tons. Wheat prices fell under pressure from favorable rain forecasts in Russia and the United States. Internal wheat prices remained practically unchanged.
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Monitoring - Incubator
Current information on the topic Monitoring - Incubator
- 27 March 2025
According to the optimistic forecast of the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), meat product exports from Russia may reach 1 million tons this year.
Russia plans to export 1 million tons of meat abroad this year. The exports have increased to Chinese and African markets. However, the strengthening of the ruble and animal diseases in Europe could pose risks to the plans.
The company "Damate" has been granted the first right in Russia to export turkey meat to Singapore.
- 26 March 2025
The average fuel price in the Omsk Region is lower than in other Siberian regions: diesel and gasoline are cheaper.
According to Rosstat, fuel prices in the Omsk region are below average for Siberia and Russia. Diesel is cheaper than in Tuva, AI-92 gasoline is below the national average, and prices for AI-95 and AI-98 gasoline are also below average.
- 26 March 2025
Reducing export duties on sunflower oil in April will slightly ease the losses of processors, but the market will remain unstable.
The export duty on sunflower oil decreases in April to 4568 rubles per ton, on meal - to 939.5 rubles per ton. Price increases are expected, but the situation in the oil and fat sector remains challenging due to the shortage of sunflower seeds. Factories are forced to temporarily stop production due to negative margins.
- 26 March 2025
Export forecast for Russian wheat has been reduced, but acceleration of exports is expected in the coming months.
The "SovEcon" center has reduced its forecast for Russian wheat exports for the 2024/25 season by 1.5 million tons to 40.7 million tons due to low profitability and the strengthening of the ruble. Reserves as of March 1 amount to 11.6 million tons, which is 34% less than a year ago.
It is possible that a weakening ruble and increased demand will force exporters to accelerate exports.
- 6 March 2025
Export of wheat from Russia has decreased to a record low level in the past five years, analysts predict.
The center "Rusagrotrans" has reduced the forecast for Russia's wheat export to 40-41 million tons due to the decrease in export rates. The export in February amounted to 1.95 million tons, the lowest in five years. Low profitability and declining prices in the global market are the reasons for the decline.
- 4 March 2025
"Citron" plant in the Voronezh region will become the first in Russia to produce citric acid from corn.
It is planned to launch the "Citron" plant in the Voronezh region for the production of citric acid from corn. This will ensure stable supplies to the Russian market.
Construction started in 2023, and the launch is scheduled for 2025. Investments have been increased from 3 to 10 billion rubles.
- 3 March 2025
"The wheat export from Russia has collapsed: the lowest volume in 5 years, prices on the domestic market are rising, and the forecasts are bleak."
Export of wheat from Russia decreased to 1.9 million tons in February, the lowest level in the past five years.
Prices for wheat within the country have risen. Further decrease in export volumes is predicted due to low profitability and demand from exporters.
The potential wheat export for this season is estimated at 42 million tons, a decrease of 1.9 million tons compared to the previous season.
- 1 March 2025
Prices for rye in Russia have reached a historical maximum due to low motivation of farmers to grow it, warns the report.
The company ProZerno has announced that the prices for rye have increased from 8 to 15.1 thousand rubles per ton. Wholesale prices have risen by 70%, reaching 11,223 rubles per ton. The reduction in rye cultivation due to high costs and low profits is causing concern among specialists.
It is possible that rye will become a niche product due to insufficient demand and high production costs.
- 26 February 2025
"Export of wheat from Russia: forecasts for up and down seasons"
Analysts at SovEcon have reduced their forecast for Russian wheat exports for the current season to 42.2 million tonnes due to low profitability for exporters. For the next season, they expect export growth to reach 38.9 million tonnes. The wheat export quota may not have been fully utilized as traders aim to improve margins. SovEcon has warned of a slowdown in export pace due to limited supply, a strong ruble, and negative margins.
- 26 February 2025
Russia has increased its exports and remains a net food exporter: a review of the country's trade in 2024.
Russia increased its exports of mineral products and metals in 2024, while the export of agricultural products decreased. The total export amounted to 433.9 billion dollars, with imports at 283 billion. Asia became Russia's main partner. The export of agricultural products remained at the same level as in 2023, despite the instability of global prices.
- 21 February 2025
"Grain yield forecast in Russia: 120 million tons is expected this year, prices for resources are rising, which may affect production."
The grain harvest is expected to reach 120 million tons. Weather conditions influence the situation, but forecasts remain optimistic.
Prices for resources for farmers are increasing, costs for spring work will reach 1 trillion rubles. Russia is capable of producing 200 million tons of grain, but plans to reduce the volume to 130 million tons. Inconsistent crop yield forecasts range from 122.9 to 125 million tons.
