Bloomberg News

Russia to Have Record 12 Million-Ton Oilseed Crop, SovEcon Says

October 10, 2011

Oct. 10 (Bloomberg) -- Russia’s oilseed harvest will come to a record 12 million metric tons this year, including 9 million tons of sunflower seeds, researcher SovEcon said.

The crop will beat the all-time high of about 9 million tons set in 2008, Moscow-based SovEcon said on its website today. The harvest will exceed last year’s by 1.6 times, it said.

The sunflower-seed crop will exceed national refining capacity this year, which may reduce seed prices, particularly in the Volga area, according to the researcher.

--Editors: Dan Weeks, John Deane.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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