June 20 2014, 13:00 Source: APK-Inform Views: 2553

In 2014 Russia to plant soybeans throughout the record areas - APK-Inform

In 2014 the soybean planted areas in Russia will reach the record index of 1.72 mln ha, which exceeds the last year record by 12% (up 180 thsd ha), forecasted Elena Karasik, analyst of APK-Inform Agency, during her speech on June 19 in Odessa at the international conference "Ukrainian soybean market - 2014".

Taking into account the high interest of agricultural producers in cultivation of soybeans, the increase of demand for the oilseed and its by-products on both domestic and export markets, in 2014 Russian agrarians will significantly increase soybean planted areas, said the expert.

Also, she added that in terms of increasing of the share of the oilseed planted areas, the share of soybeans in the general structure of plantings of all oilseeds in Russia will increase to 17% in 2014.

E.Karasik noted that according to APK-Inform estimations, in 2014/15 MY the total supply of Russian soybeans is forecasted at 3.3 mln tonnes. At the same time, in 2014/15 MY the domestic consumption of soybeans in Russia may reach 3 mln tonnes, against 2.9 mln tonnes in the current season, due to the growth of domestic processing in the country.


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