The risks of selling a record grain harvest are named: Farmers asked uncomfortable questions to the authorities in Russia

Published Nov 17, 2022

Tridge summary

Russia has set a new record for grain crop harvest at 150 million tons, but the oversupply and low domestic consumption have led to a drop in prices, making it difficult for farmers to sell. The low export volume and logistical issues are also hindering sales, and the record harvest is raising concerns about farmers' ability to cover production costs. The grain deal has also impacted export destinations, with some countries increasing purchases while others have decreased. The cost of bread in Russia is not significantly influenced by the price of flour.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia has set a new record for the harvest of grain crops - 150 million tons, but at the same time, farmers are in no hurry to rejoice at the achievements of this year. The problem is that domestic consumption is much less, and it is impossible to export wheat for sale. As a result, all grain may remain in Russia. This oversupply has predictably driven prices down. It turns out that farmers spend money, grow grain, but they cannot earn money on the sale. What is the danger of a historical record for the harvest of grain? Will all farmers be able to compensate for production costs? How will the price of bread change? The answers to these questions within the framework of the “round table” at MK were sought by State Duma deputy, member of the Committee on Agrarian Issues Sergey Lisovsky, Director of the Department of the Russian Grain Union Elena Tyurina and Doctor of Economics, Professor of the University of Cooperation Dmitry Valigursky. - We have harvested 150 million tons of ...

Source: Oilworld