International Grain Council estimated grain harvest in Russia in 2023/2024 agricultural year at 124.3 million tons

The International Grains Council (IGC) has made the first forecast for grain harvest and trade in the new agricultural year (July 2023-June 2024). According to his March report, the Russian Federation will harvest 124.3 million tons of grain this year. The collection of the current agricultural year (ends June 30, 2023) was estimated by the council at 138.2 million tons. According to Rosstat, 157.7 million tons were collected. Export of grain in the new agricultural year, according to the MSZ, will amount to 51 million tons. Shipments of the current agricultural year are forecasted at the level of 51.8 million tons. According to the forecast, the total wheat harvest will amount to 82.2 million tons against 95.4 million tons in the current agricultural year. According to Rosstat, 104.2 million tons were collected. Wheat export in the new agricultural year was estimated at 42.2 million tons, he predicts shipments of the current season at 43.6 million tons. As reported, the Ministry ...