In Russia, rice production fell by 1.7 times in September

Published 2024년 11월 2일

Tridge summary

Russian large enterprises produced 138 thousand tons of cereals in September, a decrease of 8% from the previous year, with the largest decline seen in rice production which decreased by 1.7 times to 25 thousand tons. The decrease in rice production is due to high carry-over stocks, a less favorable price situation, and the extension of the export ban until 2024. However, the production of other main cereals such as buckwheat, millet, and oatmeal is growing. Semolina and barley groats production has decreased slightly over 9 months, but pearl barley production has increased by 4.9%. Overall, cereal enterprises increased the production of all types of cereals by 2.6% over 9 months.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Moscow. November 2. INTERFAX.RU - In September, large Russian enterprises produced 138 thousand tons of cereals, which is 8% less than a year earlier (150 thousand tons). The largest decline was noted in rice production, which in annual terms decreased by 1.7 times, to 25 thousand tons from 43 thousand tons a year earlier. As Irina Glazunova, Deputy Director General of the Institute for Agricultural Market Studies (IKAR), told Interfax, the September figure for rice production was the lowest since August 2020, when production amounted to 22 thousand tons. Over 9 months, 365 thousand tons of rice cereals were produced, which is almost 9% less than a year earlier (about 401 thousand tons). "The decrease was due to the main rice-growing region - Krasnodar Krai, where 262 thousand tons of rice were produced in nine months compared to 321 thousand tons in the same period last year," Glazunova explained. "There are several reasons for this. First of all, this is the record production of ...

Source: Interfax