Russian wheat production forecast to fall in 2024-25

Published 2024년 10월 22일

Tridge summary

Russia, the world's largest wheat exporter, is set to see a decrease in wheat production in 2024-25 due to weather issues like droughts and frosts, with estimates ranging from 81.8 to 82.9 million tons, lower than the previous year's harvest of 91 million tons. The total grain production is also expected to decrease to 132 million tons from 145 million tons in 2023. However, Russia has managed to maintain significant exports, reaching a record 60 million tons of grain in the 2023-24 cycle. Additionally, corn, barley, and oilseed productions are also expected to see a decrease in the 2024-25 harvest, while flour exports, particularly to Afghanistan, China, and Iraq, have seen an increase, with expectations to reach 1.7 million tons by 2030.

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

Original content

Wheat production in Russia, recognized as the world’s largest exporter of the grain, is expected to face challenges in 2024-25 due to weather issues, including droughts and frosts. According to estimates by the US Department of Agriculture (USDA), wheat production in the country will be 83 million tons. The International Grains Council forecasts a total of 81.8 million tons, while IKAR estimates 82.2 million. SovEcon, in turn, revised its forecast to 82.9 million tons, taking into account high yields in the Russian Asia region. Regardless of the revisions, all experts agree that the harvest will be lower than the 91 million tons recorded last year. Weather events, such as frosts in the European part of Russia — especially in the Lipetsk, Voronezh, Tambov and Volgograd regions — as well as drought that compromised soil moisture, have negatively impacted winter and spring wheat crops. The Russian government projects total grain production to reach 132 million tons, down from the ...

Source: Portal Do Agronegocio