Russia predicts record soybean and rapeseed harvest

In 2024, Russian farmers will harvest record soybeans and rapeseed, which will reach 7 and 4.8 million tons, respectively, Vladimir Petrichenko, Director General of the Prozerno analytical center, said at the 7th agro-food forum in Novosibirsk. This will help offset the decline in the sunflower harvest from 17.25 to 15.85 million tons. "The harvest [of oilseeds] (excluding Donbass and Novorossiya - TASS note) will be about the same as last year, minus 1.2%. Mainly due to the fact that the decline in sunflower will be compensated for by record harvests of soybeans and rapeseed and a recovery in oilseed flax," Petrichenko said. From his presentation, it follows that the rapeseed harvest will reach record levels of 4.8 million tons (+0.6 million compared to the 2023 level), soybeans - 7 million tons (+0.2 million tons). The volume of harvested flaxseed will be 1.37 million tons (+0.22 million tons), sunflower 15.85 million tons (-1.4 million tons). The reason for the decrease in the ...