News from Russia

Due to cold weather in many regions in Russia, the Ministry of Agriculture keeps its forecast for grain crop in 2017 at 110 million tonnes.

According to forecasts by Russagrotrans, 4.6 to 4.65 million tonnes of grain will be exported from the country in August, the result being reached only in August 2014. The indicator will be 16% more than the export in August 2016 - 4,016 million tonnes. Wheat export will be 3.85 million tonnes (3.6 million tonnes in August 2016), barley 740,000 tonnes (300,000), corn 30,000 tonnes (22,000).

In July, grain export from Russia reached 2.7 million tonnes at 2.54 million tonnes in July 2016. So far, demand for grain export in September from deep-sea ports is 2.2 million tonnes, which will probably not be below those of August.

According to the August forecast of ProZerno, in August 2017, grain crop in Russia will reach 132.2 million tonnes or 10.7 million tonnes over the July forecast. This is a new record for the country. This record was set in 1978 - 127,412 million tonnes. In 2017 - 2018 grain consumption in Russia will be 77.92 million tonnes, initial stocks 21.7 million tonnes and ending stocks 28.54 million tonnes. The grain export will be 47.8 million tonnes. Wheat export will be maximum of 35 million tonnes but will actually reach 31-33 million tonnes.