Oilseed season 2020/21: Record oil prices are not a guarantee of margins in Russia

Oilseed season 2020/21, which will surely be remembered by all market participants for its "chips", not always pleasant, understandable and market-based, at the finish line. And to date, it has actually ended, and eyes are more focused on the fields and crop forecasts for 2021. APK-Inform discussed the preliminary results of 2020/21 MY, expectations and in what light the processing of oilseeds in Ukraine is now with Andrey Bolgov, Deputy Commercial Director for Procurement of the Pologovskiy Oil Extraction Plant. - Andrey, as a representative of one of the largest sunflower processors in Ukraine, share your impressions of the 2020/21 oilseed season. - The impressions are very mixed. Huge losses were incurred by enterprises that historically used to purchase seeds by forwards: many agricultural producers for various reasons did not fulfill their obligations, either partially or completely. Some refiners from such defaults have received a loss comparable to the total profit over the ...