Russia: Sunflower harvest may decrease by 8.4%

Published 2024년 6월 11일

Tridge summary

Russia's sunflower harvest is projected to decrease by 8.4% this year, according to analytical company ProZerno, due to reduced sown areas and unfavorable weather conditions. However, the harvest of soybeans, rapeseed, and oilseed flax is expected to increase, despite lower yields. The total production of oilseeds is estimated to be around 29.5 million tons. The price of sunflowers has increased slightly due to drought fears and a decrease in reserves.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This year, the sunflower harvest in Russia may decrease by 8.4% - to 15.8 million tons (17.25 million tons in 2023), predicts Vladimir Petrichenko, general director of the analytical company ProZerno. This will happen, first of all, due to a reduction in sown areas and a drop in yields against the backdrop of unfavorable weather conditions, he told Interfax. Sunflower is sown on 9.7 million hectares this year, compared to almost 9.9 million hectares in 2023. At the same time, soybean harvest may increase from 6.8 million tons in 2023 to 7.2 million tons. The area under this crop has increased from 3.7 million hectares to 4.23 million hectares. However, according to Petrichenko, its yield will be lower than last year. The expansion of sown areas, even despite a slight decrease in yields, will also make it possible to increase the harvest of rapeseed this year - up to 4.3 million tons compared to 4.2 million tons a year earlier. The area under it increased from 2.1 million hectares ...
Source: AgroInvestor

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.