RGU: Russia has exported more than 40 million tons of grain this season
Wheat
Russia
Published May 25, 2022
Tridge summary
In the current season, Russia has exported more than 40 million tons of grain, the wheat export quota will be completely closed. This opinion was expressed by Alexander Korbut, Vice President of the Russian Grain Union (RGU), during the Russian Meat & Feed Industry 2022 conference of Agroinvestor. According to him, this season Russia will be able to stay in first place in the world in wheat exports. “We will end the season with good carryover stocks, even surplus. I would have reduced them by 3 million tons, and there would have been no problems, ”Korbut believes.
Original content
The prices of agricultural producers, according to him, are good now, but they are achieved due to the export duty, which "takes money out of the pockets of agricultural producers." Korbut also believes that next season the demand for wheat on the world market will be “crazy”. The forecast for the grain harvest of RGU left at the level of March - 128 million tons, of which 85 million tons are wheat. “Perhaps there will be more, although there are some risks. Feeding of winter crops slowed down a bit. The Ministry of Agriculture does not publish data on the progress of sowing, which means there is something to hide, ”Korbut believes. He added that the only region where grain production will be less than last year by about 2 million tons will be Siberia, as the weather will be hot there. In the current season, according to him, the production of all grains and oilseeds will increase. The only exceptions are rice and sunflower. According to the US Department of Agriculture, the ...
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