In 2019, the export of oil and fat products in Russia will reach $4 billion
"This year, the yield of oilseeds increased in total by 4.5 million, 22.5 million tons have already been harvested and another 700 thousand hectares have not been harvested yet. In terms of exports of oil and fat products - this year the volume is $4 billion in monetary terms. Our task for next year is to maintain the growth rate of oilseeds. However, we see certain risks here", said Mikhail Maltsev.
Risks, according to the expert, are associated with restrictions in sowing oilseeds at the regional level: "This is nonsense, especially when you consider that the Ministry of agriculture has defined clear targets for the growth of oilseeds", he said.
Also, among the goals of the oil and fat union next year, the expert noted the containment of the export of non-processed oilseeds abroad and the "retention" of oilseeds by producers.
"Otherwise, we will face a situation similar to last year, when producers retained raw materials, despite the huge harvest. Already now we see such a picture - people expect higher prices. However, if there are no fundamental factors for this, we should not expect it", said Mikhail Maltsev.
Just to remind, the discussion of the interim agricultural results of 2019 took place on Friday during the conference "Agricultural Holdings of Russia" in Moscow.
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