During the second ten-day period of March, Russia exported 2.875 million tons of grain, while during the first period, Russia exported 1.269 million tons. Wheat exports during the second ten-day period were 2.386 million tons (compared to 1.068 million tons in the first ten-day period of March).
In its March report, analysts from Coceral forecast a grain production in Bulgaria for 2024/25 of 9.63 million tons, which is -0.63 million tons lower compared to the previous estimate. Back in 2023/24, grain production was 9.78 million tons.
The Canadian Ministry of Agriculture forecasts the wheat production for 2024/25 in the country at 34.6 million tons (+0.7 compared to the previous estimate and +2.6 compared to 2023/24).
According to MDIC data, from March 11th to 17th, Brazil exported 54,100 tons of corn (-68.8% compared to the previous week). Soybean exports were 2.7 million tons (3.6).
The European Commission officially proposed easing the requirements for farmers regarding green policy. Farmers will not be obligated to leave uncultivated land.
The Association of Farmer Cooperatives in Germany forecasts a wheat production in the country in 2024 of 20.14 million tons (a decrease of 6.5% compared to 2023), and a rapeseed production of 3.93 million tons (a decrease of 6.9%).
According to the forecast by APK – Inform, the sunseed production in Ukraine in 2024 is projected to be 13.9 million tons (a 1% increase compared to 2023), soybean production is expected to be 6 million tons (a 17% increase), and rapeseed production is forecasted to be 4.2 million tons (a 9% decrease).
As of March 12, 2024, spring crops have been planted on 424,600 hectares in Russia, which is twice as much as the previous year. The Ministry of Agriculture of the country expects the total area planted with winter and spring crops to reach 84.5 million hectares.
Authorities in India forecast a wheat production of 112 million tons in 2023/24 (+1.3% compared to 2022/23). However, private analysts expect that the new production may be below the level of the previous one.
