News company - Incubator

Starting from January 1, 2025, Russia has introduced a 5% export duty on peas, chickpeas, and lentils. Previously, until the end of 2024, duties ranged from 4 to 7%. The new rules will be permanent. This decision aims to balance exports and domestic demand.

Prices for palm oil have dropped due to low exports from Malaysia and competition with soybean oil. Exports to India have decreased, which has led to a decline in demand. However, prices are still higher than those for soybean oil. Some traders are taking profits ahead of the holidays.

In the Ukrainian sunflower market, prices are decreasing due to a reduction in supply and an increase in deliveries from Russia.

World prices are also falling due to the harvest in South America. Activity on the Malaysia exchange decreased before Christmas.

Upcoming decisions will be made regarding biofuel in the USA.

In Egypt, Mostakbal Misr has signed agreements for the supply of wheat until June 2025 totaling 1.267 million tons. The majority of the goods will be supplied from Russia. This step will help avoid additional purchases due to the upcoming harvest season.

During the week of December 17-23, inflation rates decreased to 0.33%. Prices for fruit and vegetable products dropped, as well as for many other products. Global food markets also showed a decrease in prices for products and fertilizers.

Sales of grain from the State Intervention Fund at the Exchange decreased by 5.7 times - to 945 tons for 14.241 million rubles. The trades were conducted in 12 mini-sessions, with the next ones scheduled for December 26-28. The Fund has accumulated 4 million tons of grain since the beginning of purchases in 2023 and successfully sold 113,940 tons of wheat.

In the Kursk branch, research on maize continues. 27.9 thousand studies have been conducted with a total volume of 1.21 million tons. The grain is being tested for compliance with standards, impurity content, and safety. The tested samples meet the requirements. Specialists recommend monitoring exports and compliance with storage rules.

By the end of October 2024, Russia has increased its export of sunflower oil to India to 1.8 million tons, which is twice as much as the previous year. India has become the main importer, acquiring 43% of the total volume, followed by Turkey at 15% and China at 13%.

In the current season, India plans to import 3.4 million tons of sunflower oil, while Russia is strengthening its position in the market.

At the "Pig Farming-2024" conference, the general director of the Institute for Agricultural Market Conjunction discussed plans to increase processing of oilseeds that require additional planting areas. The crop yields are differently evaluated: sunflower will decrease, while rapeseed and soybean will reach record levels. Prices for meal are decreasing, raising questions about the quality of soybean. Russian producers of rapeseed meal will face changes in market channels due to the export ban to the EU.

The Ministry of Russia has set new tariffs for the export of mineral fertilizers: from December 13 to December 31, 2024, the duty rate will be 7%. The government has reduced it by the end of 2024 to reduce the tax burden on producers. The flexible system is in effect until the end of 2024 and applies to various goods.

Farmers in the USA are concerned about a possible trade war with China due to Trump's plans to impose high customs duties. Entrepreneurs are afraid that this will hit the industry and raise prices for products. The USA has already lost $27 billion due to similar actions in the past.

Farmer Dave Walton emphasized the importance of the Chinese market and called for an awareness of the consequences of a trade war.

More than 33,000 analyses of the new soybean crop at the Kursk branch of the Central Research Institute of Agriculture show compliance with the GOST standards. The protein and moisture content has decreased, while the oil impurity in soybeans has increased. The quality of the products has improved.

The export of soybeans to Belarus is actively expanding.