Russian agricultural producers fell into "scissors" that will destroy its profitability, according to the Director of SovEkon

Published 2021년 6월 1일

Tridge summary

The article provides an overview of the ongoing grain season in Russia, highlighting its unpredictable nature and the upcoming changes, including the introduction of floating export duties on key agricultural products. It criticizes the state's price regulation, stating that it could negatively affect profitability by limiting price increases while ignoring rising costs. The article also discusses Russia's position in the MENA region and addresses the concerns surrounding the sowing campaign for the 2022 grain harvest, expressing fears that a reduction in acreage and a shift towards outdated farming practices (archaization of agriculture) might be unavoidable consequences of the government's agricultural policies.

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

Original content

In Russia, the grain season 2020/21 is nearing completion. And although it cannot be called quiet, calm and predictable at all, it is practically left behind. At the same time, the next season with innovations in the form of floating export duties on the main export-oriented agricultural products causes some confusion, misunderstanding and fears among market participants. Andrey Sizov, director of the SovEkon analytical center, told APK-Inform about the key trends and events of the ending season, the possible consequences of state regulation of the price situation in the market, as well as about Russia's positions and prospects in the MENA region. - Season 2020/21 on the agricultural market of both the world in general and Russia in particular turned out to be quite saturated. Evaluate how the events of the current season have affected the positions and reputation of Russia in the world grain and oilseeds market. - In the current season, Russia was clearly not the main newsmaker. ...

Source: Oilworld