News

According to estimations of analysts of APK-Inform Agency, in 2009/10 MY, grain export volumes from Russia will decrease by 1.5 mln tonnes compared to 2008/09 MY, and reach the level of 21.3 mln tonnes. The situation the Russian and world markets of grains, and observed tendency of the reduction of grain export shipment during the first four months of the current MY confirm the forecast. In July-October period of 2009, supplies of Russian grains on the world market reduced by 9% compared to the same period of the previous year and totaled 8.2 mln tonnes as opposed to 9.03 mln tonnes in July-October of 2008.

Concern about fungal disease in corn has rippled through both the corn and soymeal futures markets late this week, but on the ground those ripples might not extend beyond parts of the northeast corn belt.

Asurvey of local lenders conducted by the Federal Reserve Bank of Kansas City finds that farmland values in the central Plains/western Corn Belt held steady during the third quarter of the year, despite falling farm income and weaker agricultural credit conditions.

The growth of processing capacities, and the high demand of importers caused the essential increase of production volumes of sunflower oil in the new season.

To date, our agency estimates the potential of sunflower oil production in 2009/10 MY at the level of 2.6 mln tonnes as opposed to 2.7 mln tonnes in 2008/09 MY.