Thursday, 18 June 2020
Russia: production of soybean continues uptrend
Soy continues to win the interest of Russian producers. In the 2019/20 season, the harvest of soybeans has updated max (4.36 million tons) is not only due to the expansion of cultivated areas (3 million hectares), but also due to a record yield), according to analysts at UkrAgroConsult.
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Accordingly, in the current season the export potential of soybeans and by-products is at maximum. If the export of soybeans and soybean oil focuses on China, a key consumer of soybean meal are the EU countries.
According to forecasts, the new 2020/21 season will show a further increase acreage by 3% and of soybean of 4%.
In the future, climate change and the development of breeding, the commissioning of new refining capacity will be drivers of soybean production in Russia. Thus, the upward trend will continue.
Translated by service "Yandex.Translation"
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