Russia. Acreage of niche oilseeds is shrinking
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Russia. Acreage of niche oilseeds is shrinking

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Consulting Agency UkrAgroConsult

UkrAgroConsult

According to forecasts of the Institute for Agricultural Market Studies (IKAR), linseed acreage in 2019 will remain at roughly last year’s level of some 750 Th ha. Territorial shifts are possible in its plantings, specifically an expansion in the Siberian and Ural federal districts and a decrease in the Southern and Volga regions, reports UkrAgroConsult.

A drop is expected in mustard acreage. In 2018, it set a record of 334 Th ha (more than twice as high as in 2017), with mustard yield down at 0.45-0.5 MT/ha against its traditional level of 0.55-0.6 MT/ha.

False flax and safflower plantings have been steadily decreasing over the last several seasons. Last year, false flax acreage shrank to 79 Th ha compared to its all-time high of 268 Th ha in 2014, while that of safflower fell to 66 Th ha (it occupied 445 Th ha in 2016). In addition, their yields were low in 2018.

The traditional oil crops – sunflower seed, rapeseed and soybeans – look more attractive from the economic viewpoint.

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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators - the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.

 

UkrAgroConsult

 

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