As of June 20, 2024, 17,200 hectares of grain crops have been harvested in Ukraine, yielding 48,300 tons of grain with an average yield of 2.81 tons/hectare.
According to an FAO forecast, Morocco will import 7.5 million tons of wheat in 2024, a 19% increase compared to 2023, making it the sixth-largest importer in the world.
IKAR raises its forecast for the wheat production in Russia for 2024/25 by 0.5 million tons to 82 million tons. The total grain production is projected at 129.5 million tons.
SovEcon forecasts that Russia's grain production in 2024/25 will be 127.4 million tons (144.9 in 2023/24), including wheat production of 80.7 million tons (-13%), barley production of 18.6 million tons (-12%), and corn production of 14.6 million tons (-12%).
According to the latest forecast by FAS USDA, the wheat production in Bulgaria in 2024/25 will reach a record 6.9 million tons, which will be achieved with smaller areas, a reduction of 4% compared to 2023/24, and higher yields.
SovEcon estimates Russia's wheat exports in June at 3.5-4 million tons (3.6 million tons in June 2023 and only 1.6 million tons on average for this month in previous years).
