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Export restrictions on palm oil from Indonesia have prompted experts to predict a decrease in production and the maintenance of high prices. Malaysia may benefit from this, as consumers may turn to its palm oil. Rising prices have also led to an increase in the import of CPO from Malaysia.

Ivan Makalov will become the General Director of the sugar production segment at Rusagro company starting from August 1st. He will replace Sergey Goryachev, who previously held this position. Ivan Makalov's previous position was the financial director.

In Bashkortostan, 102 thousand tons of new harvest grain have been collected with a yield of 35 c/ha, which is 40% higher than the previous year. The main crop is winter wheat. Harvesting has begun in 26 districts, mainly in the Aurgazinsky and Sterlitamaksky districts. Rainy weather is slowing down work in the fields. It is planned to harvest 3.5 million tons of grain and 600 thousand tons of oilseeds. Last year, the harvest was 3 million tons, with unfavorable weather conditions being cited as the reason.

During the first half of 2024, Moldova exported 264,000 tons of corn. The export decreased due to low crop yields caused by dry weather. The main destination was Romania (36.5%), followed by Turkey and Switzerland.

From 2021 to June 2024, Moldova exported 138.5 million liters of alcohol and 73.3 thousand tons of DDGS.

Agrarians in Kuban have started to harvest soybeans from an area of ​​over 197,000 hectares, growing domestic varieties bred to be resistant to drought and heat.

Last year, soybean exports reached 3,500 tons worth $1.7 million. In 2023, the harvest amounted to 328,000 tons.

The ban on gasoline exports from Russia has been extended until September-October. The decision was made to provide additional protection. The ban does not apply to diesel fuel, but restrictions on its export will be imposed.

The soybean harvest in Russia is expected to reach 7.35 million tons this year. 4.05 million hectares of land have been sown with soybeans, with a 22% increase in the Central District and a 15% decrease in the Far Eastern District. Amur Region is the leader in soybean production.

The soybean freight collection in the country increased by 13.7% in 2023 compared to 2022.

Scientists from SKFU have created a device for monitoring soil and plant growth to improve crop yields. They have developed a method for analyzing soil using a radar system to optimize agricultural processes. The new data allows for carrying out agronomic activities and determining the necessary amount of fertilizers.

The Ministry of Agriculture has announced the plans of Russian grain exporters in the markets of the Middle East, North Africa, India, and China. Turkey's refusal to import wheat will not affect Russia's exports; the volume of grain shipments will decrease to 60 million tons from July 1, 2024.

On July 30, 2024, the prices on the exchanges were as follows:

Corn on CBOT fell by 7.50 ¢/bsh to 388.75 ¢/bsh, SRW wheat on CBOT - by 7.00 ¢/bsh to 524.00 ¢/bsh, on KCBT - by 3.25 ¢/bsh to 550.25 ¢/bsh, on MGE - by 7.00 ¢/bsh to 584.50 ¢/bsh. Oats on CBOT increased by 2.75 ¢/bsh to 326.00 ¢/bsh, rough rice on CBOT - by 0.02 usd/cwt to 15.23 usd/cwt.

At the Ust-Labinsky plant, the processing of sugar beets has begun. Due to drought, the harvest will decrease by 35%, and the tops by 75%. Production will shrink by 25%, and the sugar beets harvested may be reduced by 1-1.5 million tons.

In Crimea, 1,528 thousand tons of grain were harvested this year, with record indicators in some regions. The harvest ensures food and feed supply. Agricultural machinery coped with drought thanks to changes in sowing. Authorities emphasize the importance of investments in agriculture.