The situation with sugar in Russia leads to the fact that domestic prices for it are falling, while global ones are growing.

The state today actively supports oilseed processors, and therefore the export duty on them will not be canceled in the near future.

According to statistics, in 2023 there was both an expansion in production volumes and an increase in exports.

Over the past year, Russian agricultural exports increased by about 12%, this year there are also reasons to expect growth by about 10%.

The US Department of Agriculture in its June forecast adjusted the figures, increasing the expected wheat harvest in Russia by 3.5 million tons.

In the last week, there has been a trend towards a transition to an increase in both domestic and global wheat prices.

This was stated by Prime Minister Mikhail Mishustin at the plenary session of the Eurasian Congress.

According to the US Department of Agriculture, the downpours that took place in China in May could destroy up to 20% of the winter wheat crop.

The Ministry of Agriculture recently advised Russian exporters not to sell wheat on foreign markets for less than $240 per ton. But it is not certain that they will succeed.

From July 1, the Turkish Ministry of Transport decided to increase the fee for passage through the Bosphorus and the Dardanelles by 8%.