The international grains Council (IGC) in July once again increased the forecast of grain harvest in Russia this year. According to the July report, the new rating is 112,3 million tons compared to 109.3 million tonnes projected in June.
The forecast of wheat harvest increased from 68 million to 71 million tons. Estimation of the export of Russian grain in the 2017/2018 marketing year has not changed – 39.6 million tons, including 30 million tons of wheat.
MSZ also from 1 million tons to 14.5 million tons increased its estimate of carryover stocks of grain on July 1, 2018. Forecast carryover stocks of wheat rose to 11.8 million tonnes from 11.2 million tonnes for the June assessment.
Forecast of the world grain harvest IGC in July fell to 2 billion 037,8 million tons against 2 billion 49 million tons a month earlier. In particular, the evaluation of the wheat harvest fell to 731,9 million tonnes 735,1 million tonnes in June.
Photo: rzn.info
Translated by service "Yandex.Translation"