In the last few days, the cold temperatures persist across the entire European part of Russia with temperatures ranging from -6 to 0 degrees. A state of emergency has been declared in the Belgorod region.
SovEcon has revised down their forecast for the wheat production in Russia for 2024/25 by 7.3 million tons to 85.7 million tons, which is 1 million tons below the average level of the last five years.
IKAR has lowered its forecast for the wheat production in Russia for 2024/25 by 5 million tons compared to the previous estimate, down to 86 million tons.
