Soybean processing plant to be built in the Amur Region

Already in 2024, it is planned to begin the construction of such an object in the region, this will have to be done by the Sodruzhestvo Group of Companies.

As the Governor of the Amur Region Vasily Orlov noted, last year local farmers managed to harvest 1.6 million tons of soybeans.

This is a record harvest, but there are no obstacles to getting it annually, the head of the region believes.

At the same time, a significant part of soybeans is exported to China in the form of raw materials.

And this is wrong, according to the governor. After all, if you carry out deep processing of soybeans, you can significantly increase the cost of the final product.

But so far, no more than 23% of soybeans are processed, the rest is exported abroad as a raw material.

As Vasily Orlov noted, the regional government plans to process up to 75% of all soybeans produced in the region.

The construction of the new plant is expected to change the situation, as it will be able to process up to 40% of all soybeans produced in the region.

At the same time, he will not have his own land, the enterprise will simply buy products from other manufacturers and only deal with processing.

It is very important that processing will take place in the Amur region, that is, in the same place where soybeans are grown. Among other things, this will allow minimizing the cost of logistics by rail, which ultimately greatly contributes to increasing margins.

The duty on soybeans will be made protective?


Mikhail Maltsev, Executive Director of the Russian Oil and Fat Union, noted that such a step would be very correct.

Initially, in 2020, the duty on soybeans was set at 30%, in 2021 it was lowered to 20%. But in this form, it «does not cope with its duties» — it does not stimulate investment in the construction of processing facilities within the country.

Therefore, according to the MZHS, this season the duty should be increased to 25%, and next — up to 35%.

In this case, farmers will simply have no other choice but to invest in processing within the country, because the sale of raw materials on such terms will be practically unprofitable.

At the same time, back in January, the Ministry of Agriculture hinted that it plans to increase the export duty on soybeans. True, it was only about 2025, but the final mark should also be the level of 50%.

However, the plans of the Ministry of Agriculture practically coincide with the proposals of the Oil and Fat Union, so the possibility that the duty will be increased gradually cannot be ruled out.

The only thing is that before banning the export of soybeans from the country, it would be nice to provide maximum opportunities for processing inside it.