Russia: Oilseeds and Products Annual

FAS/Moscow forecasts Russia’s 2017 production of three major crops (sunflowerseed, soybeans, and rapeseed) at 15.3 million metric tons (MMT), a two percent increase over last year. Sunflowerseed is forecast to increase 1.3 percent to 11.0 MMT and soybeans are forecast to increase two percent to 3.2 MMT respectively. The increase in sunflowerseed is primarily due to an increase in yields, while the increase in soybean production is due to an increase in area. Production of rapeseed is forecast to increase 10 percent to 1.1 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 remain almost the same, but sunflowerseed area will decrease slightly and soybean area will increase. 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 0.67 MMT, including 0.4 MMT of soybeans, 0.2 MMT of sunflowerseed, and 0.07 MMT of rapeseed. Russia’s total crush for the three major oilseed crops is forecast to increase from estimated 15.39 MMT in MY 2016/17 to 15.8 MMT, including 10.4 MMT of sunflowerseed, 4.35 MMT of soybeans and 1.05 MMT of rapeseed. Production of oilseed meal is forecast to increase from estimated 8.13 MMT in MY 2016/17 to 8.29 MMT in MY 2017/18. Production of vegetable oil is forecast to increase from 5.36 MMT in MY 2016/17 to 5.49 MMT in MY 2017/18.

Russia: Oilseeds and Products Annual