Oilseed cultivation in Russia still profitable

08.02.2017

Russia’s Ag Ministry announced its preliminary forecast for the 2017/18 cropping pattern.

Already now, Russian oilseed growers evaluate the current season 2016/17 as successful and begin preparations for the new marketing year. Noteworthy, despite a bumper oilseed crop in 2016 (about 15 MMT), oilseed producers are not going to face a drop in profitability. Therefore the interest of farmers in oilseeds remains strong. At the same time, certain changes will take place in the cropping pattern because of market situation.

Full version of the article is available to subscribers for weekly ag market report “Black Sea Vegoils & CIS” and “Online market review” by UkrAgroConsult.

 

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