Export duty on grain may push Russian farmers to increase the area under crops of coriander, peas, soybeans or mustard

Published 2021년 10월 13일

Tridge summary

Russian farmers are increasing the sowing area for niche crops such as coriander, soybeans, and industrial hemp due to export duties on wheat and other grains and the high profitability of these crops. In 2021, soybean and pea crops saw significant growth, and industrial hemp sowing area increased by 23%. Despite occupying a small share of the total crop structure, these crops are seen as a way for farmers to diversify their crop rotation and increase profits.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Often these crops are more cost-effective. Russian agrarians will continue to gradually increase the sowing area for niche crops; they may be prompted to diversify crop rotation, in particular, by the export duty on wheat and other grains, said Andrey Dalnov, head of the Rosselkhozbank Center for Industry Expertise. Back in 2020, coriander crops grew by more than 30%, to 68 thousand hectares, the center said. And in 2021, there was a good conjuncture for the export of coriander: in January-July, its supplies abroad increased by more than 50%, exceeding 5 thousand tons. In general, the share of coriander in all crops is very small - less than 0.1%, Dalnov notes. In his opinion, small agricultural enterprises and farms are more likely to increase the sowing of this crop to diversify crop rotation. Coriander is unpretentious, the costs of its cultivation are small, and even with low yields, farmers get good profits, says Petr Korotchenko, Chairman of the Board of Directors ...
Source: Oilworld

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