Russian oilseed harvest in 2023 exceeds last year's figures

Published 2023년 10월 21일

Tridge summary

Afghanistan has recorded the highest growth rate in purchasing Russian oilseeds among exporting countries. The harvest of oilseeds in Russia is set to end in 2023 and has seen a significant increase compared to last year, attributed to the use of modern agricultural technologies and an active development of oilseed processing. Oilseed exports from Russia have also increased by almost 40%, with China, Belarus, and Kazakhstan being the main buyers, while Afghanistan has shown the fastest growth in its purchases.

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

Original content

Among exporting countries, Afghanistan has the highest growth rate in purchases of Russian oilseeds. In Russia, the harvest of oilseeds ends in 2023. The gross harvest of the main oilseeds as of October 20, according to the Ministry of Agriculture of the Russian Federation, amounted to about 24 million tons in original weight, which is almost 1.5 times higher than last year. In particular, the sunflower harvest is 14.1 million tons (1.8 times more), soybeans - 5.4 million tons (1.5 times more). The increase in production is associated with the use of modern agricultural technologies, including the timely application of mineral fertilizers, the use of modern plant protection products, soil cultivation and updating of varieties. Oilseed processing has also been actively developing in recent years. This year production is showing positive dynamics. Over eight months, Russia produced more than 4.5 million tons of sunflower oil (+13.8%), 652.8 thousand tons of soybean oil (+11.7%) and ...

Source: Agroxxi