
Russia: soybean supply and demand balance shifting in favor of domestic crush

UkrAgroConsult
Article author:
This past season 2020/21 broke an upward trend in Russian soybean production seen since six years ago, but the path of increasing its crop had been taken much earlier.
The 2020/21 soybean crop at a near record was obtained amid an almost 8% decrease in plantings and record high yields.
Russia is aimed at a new record in soybean production, subsidies for growers of oilseeds, including soybeans, are provided in MY 2021/22 under the “Agricultural Exports” project.
The current soybean crop forecast is slightly higher compared to MY 2020/21 due to expanded plantings and high yield, UkrAgroConsult reports.
Soybean crush is expected to rise in the 2021/22 and soybean products exports are set to increase. Russian soybean imports are forecast at a traditional level.
Full version of the article is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Read also
BLACK SEA OIL TRADE: Showcase Your Business Among the Key Market Makers!
Ukraine. Starting in June, minimum export prices will be determined in a new way
Algeria forecasts stable wheat and barley harvest for 2025/26
FAO expects production of all major cereals to increase in 2025/26
Ukraine. Current European quotas will be enough for 2-3 months of exports
Write to us
Our manager will contact you soon