The sharp fall of the domestic market, experts are not expecting
Further production growth in particular will depend on the volume of domestic consumption
Meat and dairy production this year may increase this to 12 percent. This is reported by "Izvestia", citing data from the Analytical centre of the government.
By the end of 2019, the pace of wheat exports fell due to the fact that farmers have been hoarding grain, and traders are competing harshly with each other. Growth rate of export, and with them the prices can be expected in 2020, but experts advise not to overdo wheat longer March.
Export quotations have reached the maximum level of the season-2019/20
In the December review of the Foreign agricultural service of USDA (FAS USDA), wheat production in Russia in the season-2019/20 is estimated at 74.5 million tonnes (excluding the Crimea), which was 1% more than November's estimate and 4% more than last year's harvest.
The latest assessment of the FAO global cereal production in 2018 is 2 609 million tons, 2.8 million tons less than in the previous report in February.
The international Grains Council slightly lowered its forecast of ending stocks of wheat in the world, but dramatically increased corn
The international Grains Council (IGC) in its February report downgraded the forecast for global wheat production in 2018/19 season by 2 million tons to 735 million tons. Mainly due to Australia and China. And this is by 3.8% less than last season. The Agency said Grain Online with a link to the official website of the IGC.
According to forecasts of the Malaysian palm oil Council (mroc), the price of palm oil in 2019 will be maintained at a level of 2303 ringgit/ton (about $565 per ton), despite the fact that the world production of the product at the end of the year could increase by 3 million tons, according to Reuters.
Export prices of Russian wheat fell last week, following the dynamics of the American futures, which tumbled to multi-month lows, as prices in the global export market is talking about a downward trend.
The grain yield may grow to 137.5 million tonnes by 2024. This was stated by first Deputy Minister of agriculture Dzhambulat Hatuov at a national agronomic and agricultural engineering meeting, which was held in Moscow within the International exhibition "AgroFarm-2019"
A powerful cyclone with strong frosts and winds covered the territory of the United States from North and South Dakota to Maine. In Minnesota, the temperature broke the record 1800 and dropped below 50C. In Chicago the night temperature fell to -27C, which is considered the minimum in 1985.
The Russian grain Union announced the preliminary results on the grain market: the reduction of gross yield fell to a three-year low, a decline is observed in the sectoral indicators. This was announced by the President of the Russian grain Union Arkady Zlochevsky, the correspondent of Накануне.RU.
The head of the Ministry Dmitry Patrushev at the meeting with Russian President Vladimir Putin said that in 2019, the Ministry expects that the grain harvest in the country will be 108-110 million tons.
The Ministry of agriculture predicts that this year, Russian agricultural enterprises will bring together about 1.3 million tonnes of greenhouse vegetables. The increase will amount to 200 thousand tons.
For 2018, the farmers of Kyrgyzstan produced goods totaling 203,8 billion soms (194,1 billion), which is 2.7% more than in 2017. The share of agricultural sector in the production structure of GDP amounted to 11.6%. About it reports a press-service of the Ministry of economy.
The VAT increase from 1 January 2019 to 20% affects the growth of prices in Russia was quite restrained. This is stated in the review of economic development "Picture of inflation. January 2019".
"United grain company" will sell another 1.5 million tons of grain from the Federal intervention Fund, told RIA Novosti Deputy General Director of JSC "UGC" Dmitry Yuriev.