More buckwheat, rice and peas will be sown in Russia

Published Dec 27, 2022

Tridge summary

A meeting at the Ministry of Agriculture of Russia has planned an increase in the sown areas for rice and buckwheat for the 2023 harvest, aiming to balance the supply on the agricultural market and maximize crop production profitability. The ministry also plans to develop a program for the export of barley, peas, and other crops, with an increase in the area under legumes by at least 125,000 hectares. The total crop area is expected to increase by about 50,000 hectares, reaching over 82 million hectares, while the gross harvest is projected to be between 125-127 million tons of grain. The ministry also intends to reduce the wheat area by approximately half a million hectares to stabilize the domestic market and utilize the record harvest.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Earlier, a meeting was held at the Ministry of Agriculture of Russia to plan the structure of sown areas for the 2023 harvest. "An important task is to ensure the balance of supply on the agricultural market and the maximum profitability of crop production," the agricultural department noted. Buckwheat and rice The area under rice and buckwheat is planned a little higher than this year and is sufficient to meet all needs, the Ministry of Agriculture believes. As RG was told at the Institute for Agricultural Market Studies (IKAR), the sown area of buckwheat in 2018-2021 varied between 811-1045 thousand hectares. In 2022, they have grown, according to preliminary data, to more than 1.1 million hectares. At the same time, the highest buckwheat crops were in 2017 - 1.69 million hectares. As a result, in the 2017/18 agricultural season, there was an overproduction of buckwheat and a sharp drop in prices. "Optimal, from our point of view, would be a slight increase ...
Source: Zol

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