Decline in grain production in Russia, new challenges and opportunities

Published 2024년 12월 19일

Tridge summary

Ekaterina Zakharova, a senior analyst at the Price Index Center, will be speaking at the Grain of Russia 2025 forum in Sochi about the price dynamics and prospects of Russian grain exports. The forum, organized by Agrobusiness Magazine, will focus on strengthening Russia's position as a major grain exporter, despite an expected decrease in production and exports in the 2024/25 season. The forum will also discuss the impact of various factors on the wheat market and prices, including the ban on wheat imports by Turkey and the revised wheat export forecast.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ekaterina Zakharova, Senior Analyst at the Price Index Center (PIC), will speak at the Grain of Russia 2025 forum, which will be held on February 20-21, 2025 in Sochi. The speaker's speech will cover one of the most important aspects of the industry - "Price Dynamics and Prospects for Russian Grain Exports". Ekaterina Zakharova is developing the "Agro-Products" direction at the Price Index Center. PIC forms representative price indicators for Russian export goods and logistics, allowing for informed decisions on risks and investments. For the agricultural market, the Center calculates export price indices for wheat (12.5% protein, FOB Novorossiysk) and sunflower oil (FOB Novorossiysk). In 2024/25, a decrease in grain production and exports from Russia is expected. In 2023/24, we exported 70 million tons of grain and legumes. Large export volumes were provided by two record harvests in a row, this figure is unlikely to be exceeded in the coming years, but will become a target, ...

Source: Agrovesti