If the reports out of Russia on plans to increase durum production materialize, demand and pricing in the next year will be affected, said Leif Carlson, director of market intelligence and trade policy with Cereals Canada. However, he noted news out of Russia isn’t always reliable.  |  File photo

Global durum competition is heating up

Russia could drastically increase durum production this year, but could be shut out of the European Union market

SASKATOON — Canada could face stiff competition in durum markets in 2024-25 as Russia ramps up production. Rossella Polito, an Italian durum farmer who posts as @spiga_dorata on the X social media platform, said the Russian Grain Union reports that farmers will plant 2.47 million acres of durum this year, double the size of last […] Read more

Russian farmers say a sharp drop in profitability this year will force them to cut costs, which will complicate new equipment purchases and force reliance on older and less reliable technologies.  |  Reuters/Alexey Malgavko photo

Sanctions pressure Russian producers

The Russian agricultural sector is experiencing tough times as sanctions and the country’s ever-growing isolation in the international arena exert serious pressure. Before Feb. 24, 2022, the agricultural sector was among the most developed segments of Russian industrial production, with annual growth rates of more than 10 percent. The start of the Russian-Ukrainian war put […] Read more