Imports of sunflower seeds to Russia may decrease by 20%, Türkiye will be their main supplier

Published 2023년 11월 13일

Tridge summary

The Ruseed analytical center predicts that the import of sunflower seeds into Russia this year will be 20.1 thousand tons, compared to 25 thousand tons in 2022. The decrease in imports is attributed to increased domestic production and improved product quality. The main suppliers of sunflower seeds to Russia have been Turkey and the USA, but with increasing seed supplies from Turkey and potential price increases, domestic agricultural producers' profitability may be reduced.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This year, 20.1 thousand tons of sunflower seeds may be imported into Russia, compared to 25 thousand tons in 2022, predicts the Ruseed analytical center. Since 2002, the maximum volume - 30.8 thousand tons - was imported in 2020. In 2021, supplies decreased to 26.5 thousand tons. The decrease in imports in the last two years is due to the growth of domestic production and improvement in the quality characteristics of products, analysts note. According to the Russian Agricultural Center, the share of imported sunflower seeds sown in 2022 amounted to 73% of the total sown agricultural area. The main suppliers of sunflower seeds to Russia over the past 20 years have been Turkey and the USA, their share in total exceeding 50%. 13% of imports came from France, 10% from Spain. This year, seeds are also mainly imported from Turkey: over the 10 months of 2023, supplies from there increased by 38% compared to the same period last year. The share of Turkish seeds on the Russian market ...
Source: Oilworld

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.