This year, China plans to harvest 694 million tons of grain. In many ways, this should become possible thanks to the widespread introduction of new technologies.

Over the past week, prices for wheat with protein in the deep-sea ports of the Russian Federation have fallen by about 950 rubles, to 15 thousand per ton. A similar trend is observed in the market as a whole.

Compared to last year, this September the export of this crop from the Russian Federation increased by approximately 27%.

According to recent data, the sale of agricultural products abroad brings Russia the most income, not counting revenues from oil and gas.

World grain prices are currently falling rapidly; in response to this, the Russian government is considering introducing a minimum price for export sales.

According to experts, Russia will most likely be able to produce up to 7 million tons of sunflower oil, which makes it possible to export up to 4.4 million tons.

Wheat supplies have tripled this year, and exports of other agricultural crops are also steadily increasing in volume.

The US Department of Agriculture expects that the 2023-2024 season will be marked by a negative trend in agricultural production volumes around the world.

Despite the declared support for Ukraine, in fact many European countries put the interests of their farmers first.

Currently, the Far Eastern Federal District is the leading soybean producer in Russia, but processing capacity is still lacking.