In 2024, Russia is expected to see an expansion in its oilseed crop cultivation area, surpassing 17 million hectares, a slight increase from the previous year's 16.965 million hectares. This growth is attributed mainly to the soybean sector, which is anticipated to cover 4 million hectares, driven by its high profitability and strong demand. While soybeans, rapeseed, and oilseed flax areas are projected to grow, sunflower cultivation might experience a minor reduction, according to insights from OleoScope, an information and analytical agency.
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 area under four oilseed crops in Russia will increase in 2024. The most significant increase in area is expected under soybean crops - this crop has high margins and processors from different industries compete for the bean harvest. The area under four key oilseed crops in the Russian Federation this year may grow to more than 17 million hectares from 16.965 million hectares a year earlier, the information and analytical agency OleoScope predicts. As part of the forecast, which sfera.fm has read, analysts indicate that the area under soybeans, rapeseed and oilseed flax will increase, and the area under sunflower may decrease slightly. The most significant increase will be shown by the area under soybeans, according to agency analysts ...
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