Ministry of Agriculture maintains grain export forecast for this season

Published 2025년 2월 19일

Tridge summary

Russia's Ministry of Agriculture anticipates a grain harvest of 130 million tons by the end of 2024, sufficient to meet domestic needs and maintain high export levels. The country is projected to export 55-57 million tons of grain in the current season to 109 countries, primarily in the Middle East and Africa. However, concerns have been raised about potential spring droughts and frost damage, which could impact the harvest. So far, Russia has exported 39.8 million tons of grain, including over 32 million tons of wheat, to foreign markets until mid-February. The total shipments may not exceed 12 million tons due to quotas and other factors, falling short of the Ministry's 57 million tons forecast.

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Original content

The Ministry of Agriculture expects that after the recalculation by the end of 2024, the grain harvest will amount to 130 million tons, which fully covers domestic needs and allows maintaining a high export potential. It is expected that this season Russia will send 55-57 million tons of grain to foreign markets. This was stated by the Minister of Agriculture Oksana Lut during the plenary session of the III International Forum Global Grain and Pulses Forum 2025 in Dubai. The head of the agricultural department noted that grain is the basis of food security, and Russia is traditionally one of the world leaders in grain production. In 2024, domestic grain was supplied to 109 countries, 70% of the volume went to the Middle East and Africa. At the same time, the geography of exports is expanding: 11 new countries have joined the cooperation, and another seven have resumed trade with Russia. Meanwhile, the head of the analytical center of Rusagrotrans Igor Pavensky at the session ...

Source: AgroInvestor