Oilseeds, oils and meals
Oilseeds and vegetable oil
Approved a 2-year programme promoting the development of the nations oilseed production and vegetable oil industry.
RUSSIAN FEDERATION sector development: The Ministry of Agriculture approved a 2-year programme promoting the development of the nations oilseed production and vegetable oil industry. Total funding for 2014-16 will amount to RUB 34.5 billion (USD 1 billion), of which producers and crushers will contribute one third, while the remainder will be covered from public sources in the form of loan guarantees. Under the programme, the ministry will support the purchase of seeds through interest rate subsidies.