News company - 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.

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.

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%.

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.

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.

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.

Areas under rapeseed and mustard in India will decrease due to high temperatures, forcing farmers to switch to less heat-tolerant but profitable crops. The harvest has suffered due to abnormal heat. Rapeseed sowing in neighboring states will also decrease. Tension in the industry is caused by low soybean prices and an increase in the minimum support price for rapeseed.

Deputy Prime Minister of the Chechen Republic Viskhan Matsuev took part in a video conference with the Ministry of Agriculture of the Russian Federation. Harvesting in the region is going well, without any issues. The weather did not affect the harvest thanks to the availability of necessary equipment and materials.

In October 2024, Georgia imported 691.9 tons of rice, increasing the total import volume since the beginning of the year to 10 thousand tons (+0.4%). Export decreased by 90.2%, reaching 6.1 tons.

The leading countries in terms of import were India (3834 tons) and Vietnam (1061 tons).

Prices for agricultural crops in Russia are rising: sunflower - 35.3 thousand rubles, corn - 13.7 thousand rubles, soybeans - 35.1 thousand rubles, rapeseed - 33.5 thousand rubles.

Prices on the world markets are also increasing. Many hectares of agricultural crops have already been harvested.