Prospects for the Russian oilseeds market in 2022/23 mg in the context of trade in the Central Asian region

Published 2022년 10월 27일

Tridge summary

The 2022 "Caspian & Central Asia Grain Forum," an international event in Uzbekistan, is focusing on the grain and oilseeds market in Russia and Central Asian countries. Dmitry Kozlov, from the Blago Group, discussed the prospects for the Russian oilseeds market for 2022/23, considering trade in the Central Asian region. He noted that while record sunflower harvest forecasts remain, weather risks could impact future harvests, with potential surplus and the need to update export records. The Caspian region and Central Asia present significant opportunities for Russian vegetable oils, with growing imports in countries like Uzbekistan, Iran, and Pakistan, benefiting from the development of the North-South transport corridor through the Caspian states.

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

Original content

These days, the first international "Caspian & Central Asia Grain Forum" continues its work in Uzbekistan, which is supported by the "Union of Grain Exporters". The business program of the forum is concentrated around the grain and oilseeds market in Russia, Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan, Azerbaijan, Georgia and Iran. These countries have stable economic ties, their domestic food markets largely depend on the situation in the food markets of their neighbors. On October 26, Dmitry Kozlov, Head of the Pricing Department at Blago Group, made a presentation at the forum on the topic “Prospects for the Russian oilseeds market in 2022/23 mg in the context of trade in the Central Asian region”. Dmitry said that forecasts for a record sunflower harvest in the Russian Federation this year remain, but bad weather, which hinders its harvesting in a number of regions, poses a serious risk for the future harvest. “Just a month ago, the market was waiting for an ...

Source: Oilworld