Volga Baikal AGRO NEWS Update on the Lupin Future on the Russian Market !!!
Lupin has a chance to replace soybeans on the Russian market.
Lupin has a chance to replace soybeans on the Russian market: Over the past few years, the popularity of lupin has grown. It is highly likely that in the near future this crop will replace soybeans in the diet of animal feed. This is due to the high protein content in lupin grains, which is about 40%, as well as the high digestibility of amino acids in the product. Moreover, the crop contains a lot of useful vitamins and substances, such as calcium, potassium, magnesium.
The demand for lupin was once very high. According to approximate statistics, in the 1980s in Russia the area of lupin crops was about 200 thousand hectares. Then there was a lull. In 2012, 5 thousand hectares were sown, and these indicators are increasing every year. There is a potential to sow up to 10 million hectares, which will give at least 20 million tons of lupine. One of the factors that influenced the return of the popularity of the product is the price. Now it has become profitable for the consumer in comparison with soy. Seeing that the variety is competitive, farmers are expanding the area for cultivation. In the process of import substitution, Russian lupin will definitely be in demand, so our “Bad Farm” will increase the volume of seed products next year to provide both regular customers and new ones with seeds.
For several years, the price of lupin has increased, but still maintains good competitiveness. If three years ago the cost of fodder was 18-20 rubles/kg, now it is 42 rubles/kg. This is the price that corresponds to the quality of the product, and will not change if there is no rise in the price of fuels and lubricants and fertilizers. Lupin is definitely a product that does not depend on imports, on the contrary, it is exported to Italy and Turkey. We can safely call lupin a Russian culture, which will soon gain popularity in the domestic food market.