ICAR has seriously raised its forecast for the wheat harvest in Russia

Updated Nov 21, 2023
The Institute for Agricultural Market Studies (IKAR) increased its estimate for the Russian wheat harvest this year by 340 thousand tons or up to 91.7 million tons. The news agency “Red Spring” writes about this with reference to data from the organization. It is clarified that the forecast was adjusted by including previously harvested areas. Today it is 91.65 million. However, this is 12.569 million less than last year due to the fact that it was not as successful as the last one due to weather conditions, yields, and other factors. The US Department of Agriculture has significantly increased its estimate of the wheat harvest in Russia Data are also provided for other major grain crops. For barley, the estimate rose by 71,000 to 21.066, and for corn even more sharply - by 259,000 to 17.658 million. The reason in both cases was a temporary improvement in weather conditions last season. However, due to old problems, these year-on-year figures were 1.851 and 1.795 million tons ...
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