On the market in Kazakhstan, there is a shortage of third-grade wheat, which is used by millers. A price decline is being observed for fourth- and fifth-grade wheat due to its large supply.
In their October report, USDA analysts raised their forecast for the global sunseed production to 50.7 million tons (+0.15 million tons compared to September and -5.4 million tons compared to 2023/24).
Starting from 16.10.2024, the export tax on Russian wheat will be 1,872 rubles/ton (up from 1,328.3 a week earlier). The export tax on barley will be 392.8 rubles/ton (up from 229.5), and the export tax on corn will be 2,827.2 rubles/ton (up from 2,696.7).
Political tensions between Algeria and France are affecting their trade relations. In a recent wheat purchase tender, Algeria requested that no contracts be signed for wheat deliveries from France.
The Russian Grain Exporters Union forecasts the country's total grain production in 2024 at 124.6 million tons (-1% from the previous estimate), including 83.1 million tons of wheat (-0.4%), 17.7 million tons of barley (-0.6%), and 12.2 million tons of corn (-3.9%).
As of October 3, 2024, in Ukraine, 8.531 million hectares have been harvested with grain crops (77% of the planned area), yielding 37.262 million tons of grain with an average yield of 4.24 tons per hectare.
