Ukraine and Russia will receive a record sunflower harvest

Published 2023년 9월 29일

Tridge summary

Prolonged rain in the Urals and Siberia negatively affected the volume and quality of grain crops but supported the development of oilseeds. Russia expects a record harvest of sunflower and rapeseed, while flax harvest will be lower. Ukraine also anticipates a record soybean harvest and high yields of other oilseeds. However, the large harvest poses a risk of lower prices for agricultural raw materials, impacting farmers and their earnings. Similarly, in Kazakhstan, the sunflower harvest is expected to be smaller, and flax yield will decrease. Farmers may not benefit from seed sales due to export duties and domestic processors not paying fair prices. The Kazakhstani industry associations of farmers are calling for a reduction in export duty to support farmers suffering losses.

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Original content

Prolonged rains during the harvesting period led to losses in the volume and quality of grain crops in the Urals and Siberia, but supported the development of oilseeds. Experts from the international conference EURASIAN AGRICOM, which was held in Astana, spoke about this. According to Dmitry Rylko, general director of the Russian Institute of Agricultural Market Studies (IKAR), Russia is expecting a record harvest of sunflower and rapeseed. At the same time, the flax harvest will be significantly lower than last year due to a decrease in area and lower yields. A similar situation is developing in Ukraine, where a record soybean harvest is expected, as well as high yields of other oilseeds. However, for farmers this is not only positive, but also the risk of lower prices for agricultural raw materials. “Our processors now earn so much from oil that they could pay farmers more for seeds. But, given the large harvest, they feel at ease,” said Dmitry Rylko. In Kazakhstan, the trend is ...

Source: Oilworld