In Russia, the area under oilseeds will increase by more than 200 thousand hectares

Oil & Fats

Russia

Market & Price Trends

Published Mar 3, 2024

Tridge summary

Russia is projected to increase its oilseed cultivation area by 200-350 thousand hectares in the 2024-2025 agricultural year, excluding sunflower due to sowing issues and seed quality risks. With favorable weather, the oilseed harvest could surpass 30 million tons. Over the next three to four years, Russia aims to boost oilseed yields by 4.5 - 6.5 million tons, necessitating an additional 1.5-2.5 million hectares. The primary goal is to supply the domestic market, as Russia maintains a ban on certain oilseed exports.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In the 2024-2025 agricultural year (in Russia it begins in July of each calendar year - ROSNG), the area under oilseeds in Russia may increase by 200-350 thousand hectares after a reduction in the current one. As TASS reports, Dmitry Rylko, General Director of the Institute for Agricultural Market Studies (IKAR), spoke about this at the XVII Winter Grain Conference. According to him, this will affect all major crops except sunflower (flax, rapeseed, soybeans and safflower). For this crop, according to ICAR, the area will decrease from 9.818 to 9.55-9.7 million hectares. At the same time, for flax they will grow from 1.4 to one and a half million, rapeseed - from 2.108 to 2.2-2.3 million, soybean - from 3.268 to 3.9-4 million. The expert did not provide data for safflower . He explained the possible decline in sunflower indicators by problems with sowing and certain risks with the quality of some seeds. Read also In Russia, prices for foreign sunflower seeds ...

Source: Rosng