Soybean production in the world will grow at the expense of Russia

Published 2024년 4월 29일

Tridge summary

Russia has seen a significant increase in soybean acreage due to its significant processing capacities and ambition to be a major exporter of oil and meal. The country plans to commission an additional 2 million tons of processing capacity in the 2024-2025 season, leading to an anticipated increase in the global soybean area and yield, as reported by Julia Garkavenko at the Black Sea Grain. Kyiv 2024 conference.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia has seen a significant increase in soybean acreage. The aggressor country has significant processing capacities and exports 20% of soybeans. This was stated by Julia Garkavenko, Head of Analytical Department at UkrAgroConsult, at the conference Black Sea Grain. Kyiv 2024. Every year, new soybean processing plants are built in Russia, and in the season 2024-2025, another capacity of 2 million tons is planned to be commissioned. Thus, of course, this country will need to grow soybeans if it wants to be an exporter of oil and ...

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