Russia is expected to have the third-highest cereal production in history in 2024

Published Nov 30, 2023

Tridge summary

According to Daria Snitko, manager of the analysis department of Gazprombank, Russia is expected to have the third highest grain production in history in 2024, with an estimated 135 million tons. This comes after Russia set a record harvest last year, producing over 157 million tons of cereals and beans. Experts also predict that oil crop production, including sunflower, rapeseed, and soybeans, will reach a record high in 2023 but may experience a slight decline in 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russian Satellite News Agency, Perm, November 29. Daria Snitko, manager of the analysis department of Gazprombank, believes that Russia will have the third highest grain production in history in 2024 - about 135 million tons. ​ She told an industry meeting within the framework of the Perm Engineering Industry Forum: "Last year, Russia set a record harvest, first of all for cereals. The production of cereals and beans exceeded 157 million tons. In 2023, the production will decrease, but it will still be The second highest in history. According to our forecasts and those of other analysts, the consensus is that next year’s production will be slightly lower, but this will be Russia’s third record production in history.” ​ Analytical reports submitted by experts show that the forecast indicator for the 2024 cereal harvest is about 135 million tons. In addition, oil crop production has also hit a record: in 2023, sunflower, rapeseed and soybean production may reach 27.4 million ...
Source: Foodmate

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