The sowing campaign that has started in Russia gives good prospects for the harvest

Grains, Cereal & Legumes

Russia

Market & Price Trends

Published Mar 29, 2024

Tridge summary

Russia has launched its sowing campaign smoothly, avoiding the fuel shortages that marred the previous year. With a robust supply of seeds, including those imported under quotas, the country is poised for a successful agricultural season. The Ministry of Agriculture reports that 94.4% of crops are in good condition, with plans to sow an area of 84.5 million hectares. Despite a 5% increase in sowing costs, the government has provided significant funding and support to ensure ample seeds, equipment, and plant protection products are available. Optimism is high for surpassing last year's second-largest grain crop of 142.6 million tons, indicating a positive outlook for Russia's agricultural sector in 2024.

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 sowing campaign has started in Russia. There is no fuel shortage like last year. There are enough seeds, including imported ones, for which quotas have been introduced. In general, so far everything suggests that the harvest in 2024 may be good and even higher than the previous one, experts predict. According to the Ministry of Agriculture, last year Russia harvested the second grain crop in the country's history - 142.6 million tons, including 92.8 million tons of wheat. This made it possible not only to supply the domestic market with a reserve, but also to send significant volumes of grain to foreign partners. Exports amounted to $143.5 billion: a record 60 million tons were shipped. “This year, the main goal is to carry out all field work in the optimal time frame, taking into account the recommendations of scientists, and get an equally decent harvest,” Deputy Minister of Agriculture Andrei Razin told Rossiyskaya Gazeta. According to him, now 94.4% of crops are in normal ...

Source: Agrosektor