On the world soybean, some beans came in Russian: Did you know that the oilseed is also grown in that country and they even aspire

Published 2024년 5월 20일

Tridge summary

Russia is planning to increase the area allocated to soybean cultivation by 9% this year, with the goal of producing between 7 and 8 million tons and achieving self-sufficiency in the product. In the past ten years, the country has doubled the area dedicated to soybean farming, from 1.5 million hectares to 3.5 million. This increase in cultivation and production, along with government support measures and growing global demand, has also led to an increase in soybean processing and exports of soybean meal. In 2022, Russia exported around 586,000 tons of soybean meal to countries such as Germany and Turkey, and made a notable export deal with the United States worth $31 million.

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

Original content

Although it does not make up the ranking of the top five world soybean producers, Russia is no stranger to the cultivation of the oilseed and in the last ten years has managed to increase its presence in that market. According to the latest report from the Agroindustrial Councils published by the Undersecretariat of Agricultural Markets and International Negotiations, that country plans to increase the total area allocated to this crop this year by 9% compared to 2023. Thus, of the 6.7 million tons obtained in the previous campaign – a record harvest according to its statistics – it hopes to reach 7 to 8 million tons, with a view to achieving self-sufficiency in this product. In the last ten years, Russia multiplied the area cultivated with soybeans, going from 1.5 million hectares to 3.5 million. Of course, this seems little if you take into account that Argentina has more than 17 million hectares dedicated to this oilseed. But it's Russia. Despite its size, there are not many ...

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