Imports of corn seeds into the Russian Federation are expected to decrease by 40.1% in 2023

Published Oct 27, 2023

Tridge summary

The supply of corn seeds from Hungary to Russia has been decreasing in recent years, while imports from Turkey have been increasing. Turkey is expected to double its share in the Russian market in 2023, while imports from EU countries and Serbia will decrease significantly. The cost of imported seeds for Russian farmers has been increasing due to price increases in supplier countries and the weakening of the ruble. However, Russia is working to nationalize seed production and develop its own seed material.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In recent years, supplies of corn seeds from Hungary, one of the main suppliers, have been declining, while imports from Turkey have been increasing. An increase in supply volumes was observed until 2014, when the figure reached 46.6 thousand tons, compared to 5.5 thousand tons in 2002, due to the high demand for seeds. “In 2022, 32.7 thousand tons of corn seeds were brought to Russia, and by the end of 2023 this figure will drop to 19.6 thousand tons. Over the past 20 years, Hungary has been one of the main suppliers of corn seeds to Russia, but import volumes are falling, and this year they are expected to halve the 2022 level. The figure for imports from Serbia and EU countries, including France, Romania, and Germany, will decrease significantly. This year, Turkey will significantly increase its share in the Russian market; the volume of imports will double last year’s figure of 733 tons. It is expected that by the end of 2023, 1.6-1.7 thousand tons of Turkish corn seeds will ...
Source: Agroxxi
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