Russia: Soy and mustard will definitely be in the black

Soybean

Published Mar 1, 2024

Tridge summary

Arkady Zlochevsky, President of the Russian Grain Union, discusses the potential for growth in durum wheat in the Southern Urals and Chelyabinsk region, despite export bans. He warns against overproduction of profitable crops due to potential price collapse and highlights the potential of niche crops like soy and mustard due to increased domestic processing capacity. He also notes Brazil's overtaking of the US in soybean exports, primarily to China. The article also discusses the potential for increased soybean production in China, with a need for a governmental decision to increase supplies, and the potential for seed production in arid zones like the Urals.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The approaching field season makes farmers think about which crops to choose and not make a mistake in their choice in order to get the maximum benefit from the sale of the grown crop. President of the Russian Grain Union Arkady Zlochevsky tells an RG correspondent about forecasts for the state of the market that determines the demand for agricultural crops. So, Arkady Leonidovich, what crops can “shoot” this year and not disappoint field growers? Arkady Zlochevsky: No one can give an absolutely accurate forecast due to the variability of the market. But market trends can most likely tell you which direction to move. There are regional specifics with which we need to start. Due to its aridity, the Southern Urals are adapted to certain production processes. Here, as in the Orenburg region, emphasis began to be placed on growing durum wheat, and rightly so. Today, the Chelyabinsk region holds second place in terms of gross indicators, but it has the prospect of reaching first. True, ...

Source: Oilworld