Volga Baikal AGRO NEWS Update on the Export of the Russian Grain !!!
Russia has exported more than 40 million tons of grain this season !!!
According to analysts, the Russian Federation will become the world leader in the export of wheat !!!
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. According to him, this season Russia will be able to keep the first place in the world in the wheat export.
“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,” – believes A.Korbut. He also counts that the next season the demand for the wheat on the world market will be “crazy”.
The forecast of the grain harvest from the Russian Grain Union is still at the level of March – 128 million tons, out which 85 million tons – wheat. Alexander Korbut added that the only region where the grain production will be less than the last year by about 2 million tons will be Siberia as far as the weather is expected to be hot there.
In the current season, according to Alexander Korbut, the production of all the grains and oilseeds will increase. The only exceptions are rice and sunflower. According to the US Department of Agriculture, the sunflower production will be 14.5 million tons, according to the Russian Grain Union – 15 million tons.
Against the backdrop of the current market changes, there may be a change in priorities from a bet on the development of exports to the development of the domestic market.