Russia: Why grain producers will not receive excess profits again

게시됨 2024년 7월 8일

Tridge 요약

The article highlights the anticipated positive outcomes of the upcoming grain season in Russia, including a substantial harvest and active exports, with a particular focus on the expansion of new markets and increased shares in the global wheat market. Despite these positive developments, farmers are experiencing decreased profitability due to low prices for their grain crops, with some regions seeing up to a 10% drop in profitability. The new geopolitical environment, including the potential creation of a BRICS grain exchange and tariffs on Russian grain supplies to the EU, is expected to impact the grain market. The article notes that the export volumes for the coming season are expected to remain strong, with Africa and Asia as growing markets, but the profitability challenges for farmers persist.

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원본 콘텐츠

The new grain season will bring, although smaller than last year, but still a considerable harvest. Exports also promise to be quite active. However, the consistently high results of the industry do not yet inspire farmers. Hopes for rising prices are fading, and grain grains will probably again not show the desired profitability. The logic of “less harvest - higher prices” may not work in the new grain season (started on July 1). Not long ago, the head of the Ministry of Agriculture, Oksana Lut, said that her department expects prices to rise both on the global and domestic markets, including due to a reduction in supply. But so far there have been no significant positive dynamics in the grain market, and there are no prospects for an improvement in the price environment in the future, say experts interviewed by Forbes. Everything is heading The completed grain season 2023/2024 can be called positive in terms of yields and export volumes, experts say. “The Russian agro-industrial ...

출처: Oilworld