Russian farmers sow more peas and coriander amid grain duties

Published 2021년 10월 13일

Tridge summary

Russian agricultural producers are expected to increase the sowing area for niche crops such as coriander, soybeans, and peas due to the export duty on wheat and other grains, according to Andrey Dalnov, head of the Rosselkhozbank Center for Industry Expertise. In 2020, coriander crops grew by over 30%, and its exports increased by more than 50% in the first seven months of 2021. Soybean crops have also seen a significant increase, occupying nearly 3.8% of all crops planted in 2021. Peas are expected to provide high profitability in 2021, as Canadian export prices have increased due to a drought. Additionally, the sowing area for industrial hemp has grown by 23% in 2021, with plans for deep processing worth $2 billion in the Kurgan region.

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Original content

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, Andrey Dalnov, head of the Rosselkhozbank Center for Industry Expertise, told RBC. 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 of the Volunteer Stavropol ...

Source: Milknews