News company - Oilseed Market: Prices and Record Harvest in Russia - Incubator

According to the Ministry of Agriculture of India, rice sowing has increased by 58% reaching 3.5 million hectares. Oilseeds were sown on 4.9 million hectares (+20%) and pulses on 2.1 million hectares (+37%). High yields are expected due to good rains. Potato and soybean harvests are also expected to be record-breaking.

BMI Fitch Solutions forecasts the average annual price of CPO in Bursa Malaysia to reach 4150 ringgits per ton by 2025. Prices for palm oil in the range of 3800-4000 ringgits are expected by the end of 2025. The level of palm oil production in Malaysia is expected to reach 19.5 million tons in 2025/2026.

In the Kaluga region, 9.3 thousand hectares were sown with rapeseed for the harvest of 2025, increasing the area by 63%. Growing rapeseed is considered promising and is used in the food industry, animal husbandry, as fuel, in medicine, and cosmetology.

Altyn Shyghys plant from Kazakhstan will send sunflower oil to China for Sinograin. The production corporation consolidates export batches, helping farmers enter global markets. Within the project, contracts worth $20 million have already been signed. Cooperation with CITIC Construction is the result of meetings in Astana and Beijing, contributing to exports.

Weather forecast in the USA until July 2: warm, high humidity in the corn belt. The influence on corn and soybean crops due to high humidity, market deterioration due to contradictions. Improvement of weather is expected in the plains of winter wheat.

Production of Brazilian soybeans is growing, the USA expects a crop of 118.84 million tons. Argentina plans to introduce 49 million tons to the market.

The sunflower crop in Russia by June 20, 2025 covers 11.4 million hectares, which is 941 thousand hectares more than last year. The largest increase in sowing areas was recorded in the Siberian Federal District (+119%), with 4.95 million hectares planted in the Volga Federal District. Half of the federal districts have exceeded the planned targets. The projected harvest for the new season is 17.3 million tonnes.

The center of Rosselkhozbank has completed the Forum on the development of linseed production in Russia. The planting area will increase by 5%, reaching 1.753 million hectares, with a yield of up to 1.42 million tons.

This year, the export of linseeds has decreased by 15%, with China and Belgium leading in purchases.

Land areas under oilseed crops in Russia have reached a historical maximum of 20 million hectares, with a harvest of 31-32 million tons. Producers are switching to sunflower, rapeseed, beans, reducing wheat and rye cultivation. It is expected that processing of oil crops and meal will increase.

Export of meal decreased by 10%, rapeseed meal increased, while soybean meal decreased.

The export of vegetable oils decreased by 22% during the first 5 months of 2025. The export of sunflower seeds, soybeans, rapeseed, and flax decreased. Prices for the products are declining due to abundant reserves and negative producer margins.

Company "Otan Astygy" is investing 5.3 billion tenge in the construction of an oil extraction complex in the Kostanay region, Kazakhstan. The project will be financed with 4.7 billion tenge from loans and 600 million tenge from own funds.

The plant's capacity will be 22 thousand tons of oil and 32.8 thousand tons of cake per year. The start of production is scheduled for December 2026.

Imports of soybeans to China have increased, but the price is decreasing - by 14% in May and by 2.75% since June.

In Russia, prices for soybean meal have dropped to 43,100 rubles per ton due to a record harvest.

The Minister of Agriculture of Belarus and the Deputy Minister of Agriculture of Zimbabwe discussed increasing supplies of milk, butter, and machinery. Zimbabwe aims to strengthen cooperation with Belarus at the "Belagro-2025" exhibition. Both parties plan to expand the range of products and deepen cooperation.