Russia: Experts estimated purchase prices for Kuban rice

Published 2023년 7월 5일

Tridge summary

The price of rice in the Kuban region has increased to 76,500 rubles per ton due to rising costs of agricultural production. The Ministry of Agriculture has banned the export of rice, and it is likely that the ban will be extended until the end of 2023. Despite challenges such as the partial destruction of the Fedorovsky hydroelectric complex, rice production in the Krasnodar Territory is developing and the upcoming harvest is expected to meet the country's needs and allow for some exports.

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

Original content

Last year's harvest of rice grown in the Kuban is sold at a price of 76,500 rubles per ton. Experts believe that the new crop will provide the whole country with this cereal and allow it to be sold for export. Rising prices for machinery, fuel and fertilizers led to an increase in the cost of agricultural production. Rice farmers also lost the opportunity to export their products. In July 2022, the Ministry of Agriculture decided to ban the export of rice. But now the situation with purchase prices is improving, the cost of rice is growing. “The new harvest is not coming soon, and the old one is sold by producers at record high prices - 76.5 thousand rubles per ton of rice (including VAT). With a new harvest, everything will be clear in October. Therefore, most likely, the Russian government will extend the ban on the export of rice and rice groats until the end of 2023, ”Dmitry Rylko, general director of the Institute for Agricultural Market Studies (IKAR), told RBC Krasnodar. ...

Source: Zol