Siberian farmers announced a "unique-extreme" situation in the grain market in Russia

Published 2023년 3월 10일

Tridge summary

Russian agricultural producers in Altai Krai are facing challenges such as falling incomes, increased costs, and oversupply due to a record harvest and sanctions. The region has seen a decrease in grain prices and an increase in production costs, leading to a surplus of 2.5 million tons. Experts suggest modernizing the export duty rates and increasing base prices to maintain financial results. The most promising markets for Russian and Kazakh farmers are Central and Central Asia, where grain consumption is increasing and the population is growing rapidly.

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Original content

Russian agricultural producers are waiting for new government support measures from the authorities. According to one of the experts - participants of the XVI Winter Grain Conference in Belokurikha, the situation on the market is "uniquely extreme": a record harvest and huge carryovers, sanctions, export quotas and a small intervention fund. In 2022, Altai Krai accounted for 31 percent of the grain harvested in the Siberian Federal District. In terms of production of cereals and legumes, the region ranked seventh in Russia. The gross grain harvest amounted to 5.6 million tons, and this is the highest result for many years. It was achieved by increasing the sown area by 115,000 hectares and increasing productivity. But the big harvest "gave birth" to a big problem. - The grain surplus in the region amounted to 2.5 million tons, - said Alexander Lukyanov, Deputy Chairman of the Government of the Altai Territory. - This season, according to expert estimates, it is possible to take ...

Source: Zol