Will Russian producers replace Western seed suppliers?

Published 2024년 7월 15일

Tridge summary

Russian agricultural producers have significantly increased the supply of domestic seeds, reducing reliance on imported ones, especially for crops like sugar beets, sunflowers, and potatoes. The Ministry of Agriculture and Food of Tatarstan reports that domestic seeds now cover over 10% for sugar beets and more than 50% for corn and sunflowers. This trend also extends to fertilizers, chemical plant protection products, and agricultural machinery, with support from China and India. The Pole.RF platform has seen a rise in domestic seed shares, though challenges remain for spring wheat and sunflower seeds. Additionally, distributors have stockpiled seeds in anticipation of higher prices, leading to excess reserves and profits, a shift from the previous preference for fresh seeds.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russian producers have increased the supply of seeds for the agricultural sector to replace imported ones. Russian producers have increased the supply of seeds, replacing foreign players, the dependence on which for some crops was 100% a couple of years ago. There is a similar trend in agricultural chemicals and fertilizers. According to the Ministry of Agriculture and Food of the Republic of Tatarstan, at the beginning of last year Tatarstan was 100% dependent on imported sugar beet seeds. During 2023, the share of domestic sunflower seeds was supposed to increase from 21% to 40%, potatoes from 3.5% to 10%, sugar beets from 0 to 1%, and so on. The standards were approved by the Russian Ministry of Agriculture. At the end of April, the Tatarstan ministry reported: for sowing sugar beets, over 10% of the seeds are domestic selection; for corn and sunflowers, the share of Russian products exceeded 50%. The increase in the share of Russian products was confirmed in an interview with ...
Source: Zol

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