Development of grain production was discussed at the grain conference in Altai, Russia

Published Mar 3, 2022

Tridge summary

The article highlights the discussion at the Grain Conference in the Altai Territory regarding Russia's grain production and market dynamics amidst global political influences, particularly the impact of sanctions. Despite the challenges, Russia, ranking third globally in grain production, is expected to see an increase in exports, with the Siberian region being a key supplier to neighboring countries. The conference also addressed the anticipated rise in grain prices both domestically and internationally, with a predicted 7% increase in Russia's grain harvest compared to the previous year, reaching approximately 130 million tons. This increase is expected to meet both domestic and export demands.

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

Original content

Russia this year is not threatened by a shortage of grain. Harvest plans were discussed by experts and market participants at the Grain Conference in the Altai Territory, OTR reports. At what prices and to what countries we will sell raw materials, Dmitry Drobyshev will tell. Among the main topics of the conference - the development of grain production in Russia, the forecast for this year's harvest and the prospects for the sale of grain in the domestic and foreign markets. Participants have something to discuss: following the pandemic, the industry is now strongly influenced by the global political situation. The agenda, formed in advance, had to be urgently amended just before the start of the conference. Ukrainian producers, who are among the largest players in the grain market, could not come to Belokurikha. And the main issue for discussion on the first day was economic restrictions for Russia. Alexey Dumoulin, an independent expert on the grain market: “Certainly, sanctions ...

Source: Otr-online