US Department of Agriculture raised the forecast of wheat harvest in Russia

Volga Baikal AGRO NEWS Update, US Department of Agriculture raised the forecast of wheat harvest in Russia, the assessment of the export potential has also been adjusted upward

USDA Foreign Agricultural Service( FAS USDA) raised the forecast of wheat harvest in Russia by 1.5 million tons to 78 million tons. tons and 17.3 million tons. American analysts traditionally do not take into account production in Crimea. There, according to the data of the republican Ministry of Agriculture, they completed the harvesting campaign for grain crops, the gross harvest amounted to just over 1 million tons.

The wheat yield forecast was also increased by the analytical center ” SovEkon»- from 79.3 million tons to 80.9 million tons against the background of high yields in the regions of the Center and the Volga region. However, in general, the estimate for gross grain harvest has been reduced from 126.5 million tons to 126.1 million tons due to a decrease in the forecast for corn from 14.8 million tons to 13.6 million tons. At the beginning of the week, he once again clarified the harvest forecast Institute for Agricultural Market Studies( ICAR), increasing the estimate of the gross wheat harvest by 1.5 million tons to 81 million tons, total grain – to 129 million tons. Export potential this season IKAR increased by 0.5 million tons to 48 million tons, including 37 million tons of wheat.

FAS USDA also revised the forecast for the export of wheat from Russia, increasing it by 1.5 million tons to 37.5 million tons, which is associated with a higher harvest than previously expected, as well as competitive prices. For other grains, the indicator has been reduced by 100 thousand tons to 8.17 million tons. By the end of the 2020/21 season, Russia will regain its world leadership in wheat exports, follows from the report of American analysts: the closest pursuer – the EU countries – will supply 25 , 5 million tons of wheat. In July FAS USDA predicted the volume of export of wheat from the European Union at the level of 27 million tons. The adjustment is associated with a decrease in the estimate of the crop by 4 million tons to 135.5 million tons. Last season, the EU countries exported 38 million tons of wheat, while Russia – about 34.2 million tons , evaluates the department.

According to the Russian Ministry of Agriculture, as of August 12, grain and leguminous crops were threshed from 23 million hectares, or 48% of the sown area, 78.3 million tons of grain were obtained with an average yield of 34 c / ha. Including wheat was harvested from 16.5 million hectares, or 56% of the crops, the yield is 60.5 million tons when harvested per hectare at the level of 36.7 centners. By August 11 last year, the gross grain harvest amounted to almost 76.4 million tons, yield – 34.2 centners / ha. Including, 59.4 million tons of wheat were threshed with a yield of 36.8 c / ha, follows from the data of the Center for Agroanalytics of the Ministry of Agriculture

Source: agroinvestor.ru