SovEkon has increased its estimate of the wheat harvest in Russia
Wheat
Russia
Sustainability & Environmental Impact
Market & Price Trends
Published Mar 28, 2024
Tridge summary
The SovEkon analytical center has updated its 2024 wheat harvest forecast for Russia, increasing it by 0.4 million tons to a total of 94 million tons, thanks to favorable weather conditions benefiting winter crops. The revised forecast includes 68.2 million tons from winter crops and 25.7 million tons from spring crops, despite some concerns about recent insufficient rainfall and deteriorating conditions in certain areas. Other organizations like IKAR and the Russian Grain Union have also projected a significant wheat production for 2024, estimating around 92-93 million tons. Overall, the condition of winter crops is reported to be generally good, with a smaller portion of crops in poor condition relative to the ten-year average.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The SovEkon analytical center increased the forecast for the wheat harvest in Russia in 2024 by 0.4 million tons to 94 million tons. Including the estimate for the harvest of winter crops increased by 0.5 million tons to 68.2 million tons, spring crops was reduced by 0 .2 million tons to 25.7 million tons. The improvement in the forecast is due to favorable weather conditions for winter crops, but the situation may change, the center said. Last year, the gross wheat harvest amounted to 92.8 million tons. The minimum temperature over the past three months was 2-3 °C above normal in the Center and 3-4 °C in the South and Lower Volga region. The abundance of precipitation contributed to the formation of snow cover in the Center and the Volga region, and also ensured a high level of moisture reserves in the South. The last two weeks have been characterized by insufficient rainfall, which may negatively affect the future harvest. Thus, in the South, only 40-60% of normal precipitation ...
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