IKAR lowers oilseed harvest forecast in Russia by more than 1 million tons

The Institute for Agricultural Market Studies (IKAR) has lowered its estimate for the harvest of oilseeds this year by at least one million tons, from the previously expected 30 to 28.5-29 million. These forecasts were announced by the organization's general director Dmitry Rylko, TASS reports. The previous estimate was even higher than the figures for the past few years. It was revised due to unfavorable weather conditions during this year, including the heat in the south of the country. Rylko also said that of the main oilseed crops, sunflower has been sown the most for this year's harvest (9.8 million hectares). And the area of soybeans and rapeseed amounted to a record 4.3 and 2.7 million, which is 700 and 600 thousand more than last year, respectively. It is expected that the harvest from them should compensate for the losses. According to the Russian Ministry of Agriculture, cited by TASS, oilseed production has ...