Russia: Seed imports from unfriendly countries are declining
Nuts & Seeds
Russia
Market & Price Trends
Published Jan 18, 2024
Tridge summary
In 2022, Russia imported 16,778.1 tons of sunflower seeds from unfriendly countries, including the USA and Austria, and 7,061.5 tons in 2023, which was a decrease of 58%. The volume of imported corn seeds also decreased by 47% from unfriendly countries. However, friendly trading partners like Turkey significantly increased supplies, selling 15% more sunflower seeds to Russia in 2023 and doubling the import of corn.
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
According to the RUSEED analytical center, in 2022, 16,778.1 tons of seeds were imported to Russia from states included in the list of unfriendly seeds, and in 2023 – 7,061.5 tons. In general, the volume of imports of sunflower seeds from all countries during the year decreased by 38% - from 24,221.4 tons to 15,101.3 tons. The indicator for corn also changed downwards - the volume of imported seeds fell by 45% over the year. In 2022, the share of sunflower seed supplies from unfriendly countries accounted for about 69%; for corn, the situation was more complicated - the figure reached 89%. However, already in 2023, for both crops, the share of unfriendly states in imports decreased - to 47% and 87%, respectively. The USA and Austria left the Russian market, and EU countries, including large suppliers Hungary and France, significantly reduced supplies. There is a noticeable reorientation towards trading partners friendly to Russia: Turkey has significantly increased supplies, which ...
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