SovEcon predicts an anti-record grain harvest in Russia

Published Jun 20, 2024

Tridge summary

The SovEkon analytical center has forecasted a significant decrease in Russia's grain crop production for the 2024-2025 agricultural year, estimating a drop to 127.4 million tons, which is the lowest prediction since the 2021-2022 agricultural year. This decrease is attributed to the return of May frosts and abnormal drought in several southern and central regions of the country, leading to a reduction in plantings and yields of cereal crops. The most significant decline is expected in wheat, with corn and barley also anticipated to see a decrease. The Ministry of Agriculture, however, maintains that the gross grain harvest this year will be around the long-term average of 132 million tons.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The SovEkon analytical center estimated the production of grain crops in Russia in the future 2024-2025 agricultural year (in Russia, these crops change every July - ROSNG) at the minimum since the 2021-2022 agricultural year of 127.4 million tons. In particular, this is 17.5 million less than the level of the last agricultural year, which was the largest gap in recent times. This forecast was also confirmed in his Telegram channel by the director of the organization, Andrei Sizov. The reason for such a negative assessment was the return of May frosts and the subsequent abnormal drought in several regions in the south and center of the country. They caused a serious reduction in plantings and a decrease in yields of the main cereal crops. In particular, we recall that winter crops, which always make up a significant part of the grain harvest, suffered from such weather anomalies in a number of regions. The area under cereals was reduced by three percent from last year and amounted ...
Source: Rosng
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