Agricultural producers will reduce potato planting in Russia

Fresh Common Potato
Market & Price Trends
Published Apr 14, 2024

Tridge summary

The Ministry of Agriculture in Russia forecasts a reduction in the commercial potato planting area from 315-316 thousand hectares last year to 309 thousand hectares this year. According to a survey by Kynetec involving 163 potato growers, 19% plan to reduce their planting area, while 60% aim to keep it the same, 8% intend to increase, and 13% remain undecided. Despite this, no critical reductions in planting areas are expected across different regions. The Potato Union has reported that planting has already started in Crimea and Dagestan, though these areas are not major potato producers. The potential for an abnormally hot summer poses a risk to the harvest. Potato imports, primarily from Egypt, are likely to decrease due to a poor harvest in Europe last year and a substantial domestic reserve from 2023's harvest. Additionally, wholesale prices for potatoes have fallen compared to the previous year, with those holding contracts benefiting from better pricing than those without.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The area under potatoes in the commercial sector this year may decrease from last year’s 315-316 thousand hectares to 309 thousand hectares, the Ministry of Agriculture believes. According to the consulting agency Kynetec, out of 163 potato growers surveyed, 19% are going to reduce the area compared to 2023, 60% will leave it at the same level, 8% will increase it, 13% are undecided. There are different trends in different regions, but none of the farmers are planning a critical reduction in area, Aleksey Krasilnikov, executive director of the Potato Union, told Agroinvestor. “I don’t even rule out that, on the contrary, individual agricultural producers may use the remains of commercial potatoes for seed purposes and ultimately increase plantings,” he admitted. According to him, a plan for planting Russian-selected seeds for a number of strategic crops by region was recently approved, and for potatoes the share of domestic seeds is expected to be 9-10%. According to the Potato ...
Source: AgroInvestor
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