In Russia, the production of cereals is growing

Published Sep 5, 2023

Tridge summary

The production of buckwheat and oatmeal in Russia has increased by 6.8% and 19.9% respectively over the past seven months. The country's existing processing capacities can meet the domestic demand for these products. As a result of the increase in production, selling prices for cereals have decreased. The harvest of buckwheat has almost doubled compared to last year, and the rice harvest is also expected to increase. The leading regions for these crops include the Altai Territory, the Republic of Bashkortostan, Kursk, Voronezh, Oryol, the Krasnodar Territory, and the Republic of Dagestan.

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

Original content

The production of buckwheat over seven months increased by 6.8%, oatmeal - by 19.9% The production of cereals in the Russian Federation this year shows a positive trend: in January - July, the total figure exceeded 1 million tons. Thus, the production of buckwheat increased by 6.8%, oatmeal - by 19.9%, corn - by 4.3%. The existing processing capacities make it possible to fully provide the domestic market with these products, the Russian Ministry of Agriculture reported. The growth in production volumes contributes to a decrease in selling prices for the main types of cereals. So, as of August 30, the average producer price for buckwheat has decreased by 12.3% since the beginning of the year, for rice - by 4%, the agency notes. Currently, the country has started harvesting the main cereal crops. In particular, 50.6 thousand tons of buckwheat were harvested, which is almost twice as high as last year. According to the forecast of the Ministry of Agriculture, the gross harvest of ...

Source: Specagro