Russia: Gross wheat harvest in 2023 may reach 83.1 million tons
Wheat
Russia
Published Nov 26, 2022
Tridge summary
“If the death area is low in winter and spring, production may reach up to 87 million tons, despite a significant shortage of wheat in the Central Federal District,” analysts say.
Original content
The situation with prices in the Russian Federation According to analysts, the domestic market continued to strengthen last week in Siberia against the backdrop of growing demand from processors and lack of supply, but was declining in the South following prices in ports. In the South, EXW elevator prices for 4th grade wheat (12.5% protein) dropped to 12,200–12,600 rubles per ton without VAT (-250 rubles). In the Center, prices for wheat of the 4th class remained unchanged - 10,800–11,100 per ton, the spread between the purchase prices of wheat of the 3rd and 4th classes is up to 2,500 per ton. Wheat of the 4th class in the Volga region (Volgograd and Saratov regions) has risen in price to 11,000–11,700 per ton (+100 rubles). In Siberia, prices for wheat of the 4th grade strengthened to 10,000–11,000 rubles per ton without VAT (+400 rubles) against the background of processors' competition for wheat, which is actively sold by farmers to the intervention fund at significantly ...
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