Grain production of Russia in 2021

Russia's grain market share is preliminarily estimated at 4.3% in 2021, with a projected gross grain harvest of 119-121.4 million tons despite challenges such as drought leading to a lower harvest than the previous year. The country's grain damper program, along with standard support programs, will allocate additional 10 billion rubles. The dynamics of grain imports and exports, with Russia potentially losing its leading position in wheat exports due to a floating duty, is under analysis. The 'BUSINESS PROFILE' Group also looks into the global cereal production forecasts, which are projected to reach new records but will not cover the consumption of the 2021-2022 agricultural season, leading to a reduction in world reserves. Russia's standings in the global wheat, feed grain, and rice markets are also highlighted, showing Russia in the top four for wheat production and 39th for rice production, with a significant portion of rice production concentrated in the Krasnodar Territory and the Far East.