Russia. Pulse and oilseed plantings to expand in Altai

13.02.2018

It is planned to increase sown areas of high-margin crops (industrial and oil ones) in Altai region by 60-80% in 2018, reports UkrAgroConsult.

Such tasks are set because oversupply of buckwheat has slashed its price from RUB 30,000/MT to RUB 7,000/MT. 780 KMT of buckwheat was harvested in the region in 2017 – that is one-third of its global production.

To stir up growers’ interest in high-margin crops in 2018, the regional authorities are going to raise seed purchase subsidies 1.5-2 times. In the first place, this will concern seeds of elite and oil crops. So, according to the deputy head of Altai’s government, the subsidy rates for rape and soya will reach RUB 35,000-50,000/MT.

Altai Ag Minister Aleksandr Chebotayev says the efforts for expanding industrial and pulse plantings will be continued: planted acreage of soya and rape will supposedly increase to 200 Th ha, i.e. by 60-70%. The advance in seed purchase subsidy rates for soya, sunflower, rape and other oil crops, as well as for pulses (chickpeas, lentils, lupine) will allow compensating for up to 70% of costs of their purchase. The wheat subsidy will be at most RUB 14,000/MT.

According to preliminary information, the region’s total crop plantings in 2018 will remain at the 2017 level of 5.4 Ml ha. Spring plantings will total 4.8 Ml ha, winter crops were sown on 160 Th ha.

 

UkrAgroConsult

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