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Russian oilseed production picks up

Posted by Eduardo Moreno

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Soyabean production in Russia is expected to reach 4.4M tonnes in 2021/22 as the country recovers from the flooded crops of the previous year when 4.3M tonnes were produced, World Grain reported on 30 June.

Oilseed production in Russia in the period was impacted by a number of factors, including the COVID-19 pandemic, a drought in the first half of 2020, and the government’s introduction of a grain and export quota, according to a Global Agricultural Information Network (GAIN) report from the United States Department of Agriculture (USDA).

The combination of factors had led to an increase in sunflower oil production in the country, the report said.

However, as Russia’s sunflower seed production developed, the country had focused more on expanding its soyabean and rapeseed crop and the USDA expected to see a rise in oilseed production in 2021/22, particularly soyabeans.

Meanwhile, the USDA said it expected Russia’s soyabean imports to reach 2.1M tonnes in 2021/22 due to a new allowance of genetically engineered soyabeans.

Russian soyabean exports were anticipated to reach 900,000 tonnes in the period due to restored demand from China following the nation’s relatively quick recovery from the COVID-19 pandemic.

Source: Oils & Fats Internacional (OFI)