러시아 견실류 인사이트

Sunflower oil shipments set a new record Exports of oil and fat products from Russia by the end of 2024 are estimated at almost 11.7 million tons, 5% or 570 thousand tons more than in 2023, Mikhail Maltsev, Executive Director of the Oil and Fat Union, told Agroinvestor. In particular, sunflower oil exports by the end of the year set a new record, they are estimated at at least 5.4 million tons, 1 million tons more than in 2023. “This achievement became possible not only due to the processing of large volumes of raw materials (the record harvest of 2023 plus significant carryover from previous seasons), but also due to fairly attractive world prices for oil, as well as a small spread in relation to palm and soybean oil. In this regard, our customers such as India and Turkey have opted for more nutritionally valuable sunflower oil, significantly increasing the volume of its purchases,” the head of the union noted. The number of destinations for deliveries of oil and fat products from Russia has increased by 16, to 131.

This year, the Russian market is expected to have a noticeable surplus of domestic sunflower and corn seeds for the upcoming sowing season. The problem of distributing seed quotas among companies not working in this area has also been resolved.

EXCLUSIVE Director of the Russian Association of Hemp Growers ARCO Yulia Divnich spoke about the gradual recovery of hemp growing after the pandemic. She noted positive changes in the industry, but also named the factors that are hindering its development. Kazakhstan lifted restrictions on the import of Russian wheat into the republic. The parties also discussed technical issues of supplying Kazakh products to the Russian Federation. New bills will come into force in Russia in 2025. They will affect livestock farming, veterinary medicine and the food industry. In 2024, labor productivity in Russian agriculture decreased by more than 3%, but the Government plans to significantly increase it by 2030. The Cabinet of Ministers also identified key goals for increasing the production and export of agricultural products. Deputies proposed to limit the catch of water resources in the Azov and Black Seas and protect consumers after the incident with the oil spill. The situation was commented on by relevant agencies and market participants.