Siberian farmers announced a "unique-extreme" situation in the grain market in Russia

Wheat

Russia

Published Mar 11, 2023

Tridge summary

Russian agricultural producers are waiting for new government support measures from the authorities. According to one of the experts - participants of the XVI Winter Grain Conference in Belokurikha, the situation on the market is "uniquely extreme": a record harvest and huge carryovers, sanctions, export quotas and a small intervention fund.

Original content

In 2022, Altai Krai accounted for 31 percent of the grain harvested in the Siberian Federal District. In terms of production of cereals and legumes, the region ranked seventh in Russia. The gross grain harvest amounted to 5.6 million tons, and this is the highest result for many years. It was achieved by increasing the sown area by 115,000 hectares and increasing productivity. But the big harvest "gave birth" to a big problem. - The grain surplus in the region amounted to 2.5 million tons, - said Alexander Lukyanov, Deputy Chairman of the Government of the Altai Territory. - This season, according to expert estimates, it is possible to take out 1.2 million tons, the carryover will amount to 1.3 million. Farmers' incomes have fallen - grain prices are 3.5-4 thousand rubles lower than in 2021. And the costs increased by seventy percent - from eleven thousand to nineteen thousand rubles per hectare. In recent years, we have repeatedly said that we need to deal more with oilseeds, ...

Source: Zol