The estimated consumption of grain in the current season announced at the level of 43 mln tonnes, against 42 million tonnes expected earlier, and ending stocks - to 16.8 (EUR 15.3) million tons. A similar situation amid record exports by the end of the season can be 32,5 (31,5) million tonnes, continues to put pressure on the world price of grain.

Forecast of the crop of Russian barley were also raised by 2 million tonnes to 20 million tonnes compared to 17.5 million tonnes in 2016/17 MG.

At the same time, the prospects for corn production 2017/18 MG for Russia was somewhat degraded, as a consequence, crop estimate was lowered to 16 (16,5) million tons.

Photo: exp.idk.ru