Grain Market Overview in Moldova, Russia and Turkey

Published Nov 9, 2020

Tridge summary

Mordovia has achieved a record grain harvest of over 1.6 million tons in 2020, with plans to reach 1.7 million tons by year-end, and aims to grow its agricultural production by 4.5% in 2021. In the Altai Territory, despite drought, the sunflower harvest is expected to surpass last year's, with the national supply decreasing as global vegetable oil prices rise. Ryazan region has seen a record oilseed harvest, doubling in five years. Primorye has harvested over 280 thousand tons of soybeans, 71% of the planned volume, with 85% expected to be exported. However, the price of Russian wheat has decreased, affecting trading activity. Turkey has eliminated import duties on sunflower, causing a significant increase in domestic prices and a collapse in the Russian sunflower market.

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

Original content

In Mordovia, even in the difficult year of 2020, the republic is increasing the gross grain harvest, Izvestia Mordovia writes. The dynamic development of the agricultural industry is evidenced by the record grain harvest: to date, more than 1.6 million tons of grain have been harvested in the republic, and in general, together with the corn harvest, in 2020 the agrarians plan to harvest up to 1.7 million tons of grain. Such a crop was harvested for the first time in the history of Mordovia. According to experts of the Ministry of Economy of the Republic of Moldova, an important priority for Mordovia in 2021 will be to ensure food security through the further development of the agro-industrial complex. It is planned to ensure the growth of gross agricultural production by 4.5% (compared to 2020). Also in 2021 it is planned to receive 1 million 600 thousand tons of gross grain harvest. * * * Despite the drought, the sunflower harvest in the Altai Territory is expected to be higher ...

Source: Agroru