Russia strengthened its positions on the global soybean market - APK-Inform
Due to increasing of the production volumes of soybeans during recent years, Russia significantly strengthened its positions in the reporting segment of the world market, declared Elena Karasik, analyst of APK-Inform Agency, on June 19 during her speech in Odessa at the international conference "Ukrainian soybean market - 2014".
According to the USDA, Russia comes to the TOP-10 of countries-leaders of soybean exports in the current season. According to estimations of APK-Inform Agency, in the current season the exports of soybeans from the Russian Federation is estimated at the level of 50 thsd tonnes, while in 2010/11 MY the index totaled 719 tonnes only, said the expert.
However, E.Karasik noted that the share of Russia in the global exports of the oilseed remains quite low - less than 1%.
Russian soybean sector is more focused on domestic processing than the export market. Thus, nearly 90% of the available oilseed supply in the country comes to the domestic consumption. The Far East region is the most export-oriented among the regions of Russia - most of the harvested oilseed volumes in the region is not processed, but exported mainly to China, said the expert.
You should be authorized to post comment
Russia: Ministry of Agriculture not to increase grain purchasing prices
Russia to expand the list of banned food products, if required - Vice Prime-Minister
Russia to continue increasing grain supplies to Egypt – V.Putin
Russia to not stop grain exports – Rusagrotrans
Russia: National Mercantile Exchange to not provide grain purchasing interventions in August
Russia harvested 65 mln tonnes of grains – Ministry of Agriculture
August 25, 10:15
In the third week of August, Russia increased grain exports from the seaports
August 24, 14:25
In the first half year, Russia exported over 9.7 mln tonnes of grains - Rosstat
August 24, 12:20