Prices in rubles are rising amid falling prices in the currency
By the end of 2019 Russian farmers produced more than 4.3 million tons of soybeans, and this new record clearly demonstrates: soybean demand and gives farmers the opportunity to earn. Despite the lower prices, it remains sufficiently profitable culture. The development of soybean production became a national priority in the culture saw the export potential.
Devaluation promotes exports, experts say
The Ministry of agriculture will allocate 4 billion rubles of state subsidies for soybeans and canola
To stimulate the increased production of soybeans and rapeseed the Ministry of agriculture will receive 4 billion across all regions, reported to journalists the Deputy Minister of agriculture Yelena fastova.
Analysts consultancy Strategie Grains increased its forecast of production of rapeseed in the EU in the coming year by 0.2 million tons compared to the previous estimate of up to 17.9 million tons.
Evaluation of Krasnoyarsk branch "Center Agrobaltika", lifting the region from the third position occupied in 2018 the first production of agriculture has helped the steady increase in cultivated area over the last 5 years (4.9% from 29.2 per thousand hectares in 2014 to 144 thousand hectares in 2019), and increase the yield of rapeseed from 14.4 t/ha in 2018 to a high of 2019 in the Siberian Federal district increased 14.6 kg/ha through the use of high quality seeds, effective technologies of crop cultivation, timely carrying out protective measures against pests and diseases.
It may encourage the growth of processing volumes and increased export of oil and meal
At the end of January 2020. sunflower stocks in agricultural organizations of the Russian Federation amounted to 1 892 million tonnes, which is 2% higher than the same date last year.
According to the FCS, from September to December 2019. Russian exporters have supplied to foreign markets 195 thousand tons of soybean oil, which is 18% higher than the same period last season. The growth in exports was mainly due to China. The Agency said Grain Online.
Negative on the market can make possible increase of export duties on sunflower
16-17 April 2020 the capital of Sunny Uzbekistan, Tashkent city, will be meeting representatives of the agricultural business in over 20 countries in the framework of the international conference - Asia Grains&Oils Conference in Tashkent 2020 (International hotel Tashkent).
The drop in futures quotations of palm oil and fears of weakening demand due to the outbreak of the novel coronavirus has reduced prices on crude sunflower oil from Russia.
Due to environmental problems and destruction of endemic plants of the Ecuadorian farmers, with the support of environmentalists are suing the company focused on oil palm
Export of sunflower seeds from Russia increased in December can exceed 100 thousand tons to 71 thousand tons in November, according to the monitoring "Sovekon".
About the course of harvesting agricultural work
Experts of Oil World in its December report conducted a downward adjustment of forecast of production of flax seed in this season – from 3.01 million tonnes in the previous estimate to 2.87 million tons, but still more than last season (2,66 million tons).
According to the Federal center for grain quality, the grain in the current season (July 1 to December 10, 2019) Russia exported 506 thousand tons of soybeans, which is 61% higher than the same period of the 2018/19 season.