Russia: Altai agricultural producers talk about an atypical situation in the soybean market

Published 2021년 11월 10일

Tridge summary

The Altai region in Russia is experiencing a decline in soybean demand, both internally and externally. Agricultural producers, including the bankrupt South Siberia agricultural holding and Yuri Kalinin's Kadnikovskoe farm, are facing challenges due to reduced market interest and export restrictions, despite a successful harvest. The region has been growing soybeans since the 1930s and experienced a surge during the Brezhnev era. However, in the 1990s, soybean cultivation declined. Currently, the industry is plagued by issues such as obtaining phytosanitary certificates and border queues, leading to contract cancellations from Kazakhstan. Despite these challenges, farms are focusing on increasing yield and high-protein soybean crops.

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Original content

Altai agricultural producers talk about an atypical situation on the soybean market. The mega-popular export culture, which until recently was shipped once or twice from Altai to China, has become a heavy burden: there are no calls from traders, no interest either. Meanwhile, the internal processing of this crop leaves much to be desired: the agricultural holding, which in the past cultivated soybean production in the region, is mired in bankruptcy. Other enterprises do not aim at serious volumes. What to expect in such a situation is not clear. What will happen to the harvest The agricultural enterprise "Kadnikovskoe" from the Mamontovsky district with soybeans, one might say, "you": they have been cultivating it here for many years. In 2016, the director of the farm, Yuri Kalinin, went for an experiment - he sowed some of the fields with imported seeds allocated by the South Siberia agricultural holding. A couple of years later, the holding began to go bankrupt, and the ...

Source: Oilworld