According to the latest data, the total export of soybeans and rapeseed to China in 2023 reached $1 billion in monetary terms.

Over the past year, the Russian Federation increased sales of vegetable oil abroad by 33%.
In total, 6.5 million tons of vegetable oil were exported last year.

India, which is one of the leading rice exporters, plans to increase production volumes using digitalization of agriculture.

The department plans to expand the program that helps farmers purchase agricultural equipment.

The US Congress has initiated a bill that will force the US Treasury to take measures to reduce dependence on Russian agricultural products.

According to analysts’ forecasts, this year the planet should harvest a record grain harvest.

According to the latest data, annual inflation for 2023 was 7.4%.

If we take data for 2023, then the export of rapeseed oil outside the Russian Federation increased by a significant amount of 72%.

According to the US Department of Agriculture, the Russian Federation can export up to 51 million tons of wheat in the current 2023-2024 season.

The tense geopolitical situation in the Red Sea creates direct risks for rising prices around the world, experts say.