The wheat market: the price rose in Chicago and fell in Kansas City and Minneapolis. The dollar dropped against the euro. Wheat and corn were purchased at international auctions. Weather forecasts in South America are affecting soybean futures.
News company - Groats - Incubator
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A new way to combat pests: drones will distribute beneficial insects in agriculture.
Russian agricultural producers can use drones for distributing beneficial insects, fighting pests, and protecting crops. The company Flyseeagro develops and distributes entomophages using unmanned aerial vehicles, collaborating with research institutions on the creation of biopesticides.
VTB promises financial support to farmers through preferential programs, entering the competition against other banks.
The banking group VTB plans to provide financial support to farmers through preferential programs. The agricultural lending market, after Sberbank's refusal, is transitioning to Rosselkhozbank. VTB intends to increase its loan portfolio in the agricultural sector and provide over 300 billion rubles for seasonal work in 2025.
Климатические изменения в России: вызовы и возможности для сельского и лесного хозяйства до 2050 года.
Climate change creates new opportunities to increase ecosystem productivity in agriculture and forestry. However, the downsides include increased fire hazard and adverse agrometeorological conditions. An increase in temperature and precipitation is expected, as well as a reduction in the permafrost area. Climate change can also promote the socio-economic development of regions in Russia.
The volume of wheat imports to Armenia decreased by 13% in the first months of 2024, reaching 297.3 thousand tons.
At the beginning of 2024, wheat imports to Armenia decreased by 13% to 297.3 thousand tons, costing $57.28 million. The volumes of barley and maize imports also decreased compared to the previous year.
Mikhail Mishustin has approved a development plan for Russia until 2030 with a focus on food security and technological independence.
Prime Minister Mikhail Mishustin has approved the development plan for Russia until 2030. The main goal is to achieve technological independence in food security. As part of the project, funding of 260 billion rubles is planned, increasing the level of independence from 45.8% in 2023 to 66.7% in 2030, as well as several other indicators, including vaccine production and technology creation.
"Sea delivery" has increased wheat supplies by 25% and expanded the geography of partners, overcoming customs duties issues.
The exporting holding "Sea Delivery" has increased wheat supplies by 25%, started shipments to Africa and Iraq. In 2024, exporters faced problems due to duties, price fluctuations, and unstable supply. The market is struggling with the difference between domestic and international prices, as well as logistical costs.
Canola production in Belarus has reached a historic maximum: the harvest exceeded one million tons in 2024.
In 2024, for the first time in Belarus, the total rapeseed harvest exceeded one million tons thanks to new technologies. Over the course of 5 years, rapeseed production doubled, reaching 400,000 hectares across the country. Yield and plant protection have improved, leading to an increase in yield to 24.8 c/ha. In the agricultural production cooperative (APC) of the Grodno region, the yield reached 67 c/ha.
Prices for wheat in Kazakhstan will start rising after the New Year due to increased logistical costs.
Wheat prices in Kazakhstan will start to rise after the New Year due to increased logistical costs. The export price for 3rd grade wheat is currently at $165 per ton, but is expected to increase to $180. There is no expected massive grain influx from Russia due to high prices there. The amount of wheat sold on the exchange has decreased, while the world price for March wheat is $197 per ton.
Uncertainty in agriculture: changes in pricing and trends in saving on plant protection products are expected.
It is unclear what the harvest will be in the spring of 2025 due to the climate. Farmers are forced to borrow money to pay for agronomic needs. The crop in the south of Russia is currently stable, but there may be problems with competition from exporters due to logistical difficulties. A critical crop failure is unlikely.
The Russian Government has introduced a permanent export duty of 5% on leguminous crops starting from January 1, 2025.
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.
Mostakbal Misr has signed contracts for wheat supplies from Russia until June 2025.
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.