As you can see, corn production in the Russian Federation is actively developing. How active this process will be in the future largely depends on world prices. Recently, they have been actively growing: if in 2019 the price was 9-12 thousand rubles per ton, then in 2020-2021 it will be. ?15-17 thousand rubles.
Why did Russia expand its grain and oilseed production in 2022/23?
The expansion of Russian grain and oilseed production in 2022/23 is due to both an increase in planted area for all crops (except corn and sunflower seed) as well as increased yields for all of these commodities (with records for all commodities except sunflower seed, which was the second largest on record).
What is the export volume of corn in Russia?
The export volume is 4.2 million tons. Domestic consumption is at the level of 9.3 million tons. It is important that at the same time Russia is fully self-sufficient in this type of agricultural products: the level of self-sufficiency is 145.2%. The expansion of the corn market in Russia is highly dependent on the state of the livestock industry.
How much corn can Russia harvest in 2021?
Last year, the volume of the corn crop in Russia showed a decline of 2.8% compared to 2019. However, now we are seeing a recovery: according to the US Department of Agriculture (USDA), in 2021 Russia can harvest up to 15.5 million tons of corn (+ 12%). Interestingly, almost half of this volume (45%) falls on only 5 Russian regions: