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.

The plans of the two countries include the construction of a large grain terminal, as well as the creation of a full-fledged merchant fleet for transporting agricultural products.

According to forecasts by the Ministry of Agriculture of the Russian Federation, this season we can count on production of up to 6.5 million tons, while at the end of last season this figure was 6.2 million tons.

These countries plan to expand the adoption of such crops, which should help increase yields.

In the first 7 months of this year, this indicator has increased significantly when compared with the same period in 2022.