Rapeseed has become the most profitable agricultural crop in the Russian Federation
Market & Price Trends
Canola Seed & Rapeseed
Published Nov 28, 2023
Rapeseed is the most profitable agricultural crop in Russia, with a current profitability of 43.9%. Soybeans and sunflowers follow, both with a profitability of 29%. The rise in global food prices is expected to increase margins, and rapeseed, soybeans, and sunflowers are projected to remain the most profitable crops in the future.
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.
The current profitability of its production is estimated at 43.9% The Ruseed analytical center calculated the profitability of growing agricultural crops in Russia based on current data and market conditions. The leader in terms of average production profitability of 38% for January - November was rapeseed, while the current profitability of its production is about 43.9%, taking into account the producer price of 32.5 thousand rubles / ton and the cost price of 22.6 thousand RUR/t, analysts calculated. Second place in terms of average production profitability for 11 months of this year is shared by soybeans and sunflowers with 29%. At the same time, the current profitability of soybean cultivation is higher - 29.8%, while for sunflower it is estimated at 12%. The average producer price for soybeans, according to Ruseed, is 34.7 thousand rubles/t, cost price is 26.7 thousand rubles/t; for sunflower - 22.9 thousand rubles/t and 20.4 thousand rubles/t, respectively. Analysts ...