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Russia: Rapeseed has become the most profitable agricultural crop

Rape Leaves
Wheat
Published Nov 28, 2023

Tridge summary

The Ruseed analytical center analyzed the profitability of agricultural crops in Russia based on current data and market conditions. Rapeseed ranked first with an average profitability of 38% for January-November, followed by soybeans and sunflower sharing second place with 29%. However, the profitability of certain crops has decreased due to export restrictions, rising logistics and fuel costs, and changes in exchange rates.
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

The Ruseed analytical center calculated the profitability of agricultural crops grown in Russia based on current data and market conditions. The leader in terms of average profitability of 38% for January-November was rapeseed, while its current profitability is about 43.9%, taking into account the producer price of 32.5 thousand rubles / ton and the cost of 22.6 thousand rubles ./t, analysts calculated. The second place in terms of average profitability for 11 months of this year is shared by soybeans and sunflower with 29%. At the same time, the current profitability of soybeans is higher - 29.8%, while for sunflower it is estimated at 12%. The average price of soybeans from producers, according to Ruseed, is 34.7 thousand rubles/t, the cost of production is 26.7 thousand rubles/t, sunflower is 22.9 thousand rubles/t and 20.4 thousand. rub./t respectively. Analysts estimated the average profitability of corn for January-November at 14%. At the same time, the producer price of ...
Source: Agro2b
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