News

The harvest of major oilseeds in Russia has increased by 1.5 times

Sunflower Seed
Russia
Market & Price Trends
Soybean
Published Oct 24, 2023

Tridge summary

The gross harvest of oilseeds in Russia, including sunflower and soybeans, is almost 24 million tons, a 1.5 times increase compared to the same period in 2022, thanks to the use of modern agricultural techniques. Additionally, the production of sunflower, soybean, and rapeseed oil has shown positive growth, with increases in volume and exports. China, Belarus, and Kazakhstan are the main buyers, while Afghanistan has seen the highest growth rate in imports.
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 data as of October 20, it amounts to almost 24 million tons in the initially received weight According to the Russian Ministry of Agriculture as of October 20, the gross harvest of the main oilseeds in the country is almost 24 million tons in the initially received weight, which is 1.5 times higher than the figure for the same period in 2022. Including the sunflower harvest is at the level of 14.1 million tons (1.8 times more), soybeans - 5.4 million tons (1.5 times more). The increase in volumes is due to the use of modern agrotechnological techniques, including timely application of mineral fertilizers, the use of modern plant protection products, soil cultivation, and variety renewal. In recent years, processing has also been actively developing, the ministry noted. This year production is also showing positive dynamics. Over the eight months of this year, more than 4.5 million tons of sunflower oil (+13.8%), 652.8 thousand tons of soybean oil (+11.7%) and 961.8 ...
Source: Specagro
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