Poor harvest to increase world prices for Russian wheat

This year, the grain harvest is forecast at 125 million tons, which is below the records of previous years, the worst forecasts concern corn, the head of the Grain Union Arkady Zlochevsky told NSN. The Institute for Agricultural Market Studies has lowered its forecast for the wheat harvest by 1.6 million tons, to 82.2 million tons. At the same time, the barley harvest estimate has been reduced by 400 thousand tons, and corn - by 1.1 million tons, to 12 million tons. The latter figure will be the worst since 2018, Izvestia writes. Zlochevsky confirmed the statistics "on the decline". "There is a decline in all crops, the worst forecasts this year are for corn. The yield has fallen sharply, the harvest forecasts are even falling below 13 million tons. In general, the harvest will be at the average perennial level, now analysts are giving 125 million tons. This is quite enough to meet all domestic needs, and there will be some left for export,” he noted. Egypt holds the first place ...