Russia: Oilseeds and Products Annual

FAS/Moscow forecasts Russia’s 2016 production of three major crops (sunflowerseed, soybeans, and rapeseed) at 13.25 million metric tons (MMT), a 4 percent increase from last year. Sunflowerseed is forecast to increase 1.2 percent to 9.2 MMT and soybeans are forecast to increase 6 percent to 2.8 MMT respectively. The increase in sunflower and soybean production is primarily due to a slight increase in planted area. Production of rapeseed is forecast to increase 26 percent to 1.25 MMT, due to an increased share of high yielding winter rapeseed in the total rapeseed crop. Area sown to these three major crops is forecast to increase 3.6 percent to 10.4 million hectares mostly due to an increase in sunflowerseed area by almost 0.2 million hectares to 7.1 million hectares. FAS/Moscow forecasts Russia’s imports of these three crops at approximately 2.2 MMT, including 2.1 MMT of soybeans. Exports are forecast at 0.55 MMT, including 0.4 MMT of soybeans. Russia’s total crush for the three major oilseed crops is forecast to increase from estimated 13.3 MMT in MY 2015/16 to 13.85 MMT, including 8.7 MMT of sunflowerseed and 4.0 MMT of soybeans. Production of oilseed meal is forecast to increase from estimated 7.17 MMT in MY 2015/16 to 7.48 MMT in MY 2016/17. Production of vegetable oil is forecast to increase from 4.64 MMT in MY 2015/16 to 4.82 MMT in MY 2016/17. 

Russia: Oilseeds and Products Annual