Grain production of Russia in 2021

Published 2021년 11월 10일

Tridge summary

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.

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

Original content

The share of Russia in the world grain market is 4.3% according to preliminary estimates in 2021. Despite the fact that the current year turned out to be very difficult for Russian farmers, the gross grain harvest is projected at the level of 119-121.4 million tons. In 2021, in addition to standard state support programs, an additional 10 billion rubles will be allocated as part of the grain damper. Due to the introduction of a floating duty, Russia may lose its leading position in the export of wheat. On the position of Russia in the world grain market, the dynamics of grain imports and exports, as well as forecasts for the development of the industry in the Russian Federation - in the research of the "BUSINESS PROFILE" Group. Russia in the global cereal crops market Preliminary estimates of world cereal production in 2021, produced by the UN, allow us to expect new records and an output of 2,800 million tons (including rice in milled form), which is 1.1% more than in 2020 year. ...

Source: AgriNews