Russia has reduced imports of sunflower seeds and corn in 2023

Published 2024년 1월 16일

Tridge summary

Ruseed reports that Russia reduced imports of sunflower seeds and corn by 38% and 45% in 2023, with a reorientation to friendly partners like Turkey. The total demand for sunflower seed material in Russia is estimated at 40 thousand tons, with domestic producers having the potential to completely replace imported planting material by 2025. The domestic market demand for corn seeds in Russia is about 86 thousand tons, and Ruseed concludes that there is no expected shortage of seeds in the country, with the potential for domestic producers to fully replace imported planting material by 2025.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Domestic producers of corn seeds can completely replace imported planting material by 2025, according to Ruseed Based on the results of last year, Russia reduced imports of sunflower seeds and corn by 38% and 45% - to 15.1 thousand tons and 18 thousand tons, respectively. Agroinvestor was told about this by the press service of the breeding and seed company Ruseed. It is noted that the share of sunflower seeds and corn from unfriendly countries decreased in 2023, and for sunflower seeds by 22 percentage points. “The USA and Austria left the Russian market, and EU countries significantly reduced supplies, including large suppliers Hungary and France. There was a reorientation of imports to friendly partners: Turkey significantly increased supplies, selling 15% more sunflower seeds and twice as many corn seeds to the Russian Federation,” Ruseed reported. According to the company’s estimates, the total demand of the Russian market for sunflower seed material is estimated at 40 ...
Source: Specagro

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.