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The Price of Russian Sunflower Seeds and Sunflower Oil May Rise Sharply

Pubtime:2021-01-21Author:Source: Hits:

Russia is facing the risk of poor harvest of sunflower seeds, which may lead to soaring prices of related products. Analysts predict that due to the drought in spring and summer, Russia's oilseed harvest this year is expected to be 11.8 million tons, down 23% year-on-year. The harvest in southern Russia and North Caucasus will be reduced to 3.3 million tons, one third less than last year. In the near future, the price of oilseeds will rise explosively. Last week, the average price of sunflower seeds in Russia was 22,500 rubles per ton, which will increase by at least 20% in the future.