Poor harvest to increase world prices for Russian wheat

게시됨 2024년 9월 17일

Tridge 요약

The grain harvest in Russia is projected to reach 125 million tons, marking a decrease from previous years, with the worst forecasts being for corn, according to Arkady Zlochevsky, the head of the Grain Union. The Institute for Agricultural Market Studies has lowered its wheat harvest forecast by 1.6 million tons to 82.2 million tons, and barley by 400 thousand tons. The corn harvest estimate has been reduced by 1.1 million tons to 12 million tons, the lowest since 2018. Despite the decrease in harvest, Russia is expected to meet domestic needs and have some grain left for export, with Egypt being the primary buyer. Prices are expected to rise due to the lower harvests.
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원본 콘텐츠

This year, the grain harvest is forecast at 125 million tons, which is below the records of previous years, the worst forecasts concern corn, the head of the Grain Union Arkady Zlochevsky told NSN. The Institute for Agricultural Market Studies has lowered its forecast for the wheat harvest by 1.6 million tons, to 82.2 million tons. At the same time, the barley harvest estimate has been reduced by 400 thousand tons, and corn - by 1.1 million tons, to 12 million tons. The latter figure will be the worst since 2018, Izvestia writes. Zlochevsky confirmed the statistics "on the decline". "There is a decline in all crops, the worst forecasts this year are for corn. The yield has fallen sharply, the harvest forecasts are even falling below 13 million tons. In general, the harvest will be at the average perennial level, now analysts are giving 125 million tons. This is quite enough to meet all domestic needs, and there will be some left for export,” he noted. Egypt holds the first place ...
출처: Oilworld

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