"The realization of this forecast would mean the second consecutive decline in grain exports after five years of steady growth", - stated in the message.

"Sovekon" this week evaluated the impact of dry weather in may and June and did an analysis of the current yields. "The results are disappointing - our experts have lowered the forecast of the new harvest. Expect that in current year Russia will harvest 117,2 million tons of grain and 73.7 million tons of wheat. Previous estimates beginning of July amounted to 121,9 million tons of grain, including 76,6 million tons of wheat," - said the center. Most notably the rating was lowered for the Central Federal district - by 1 million tons of wheat and the Volga region - 1.4 million tons.

The new assessment "Sovekon" below the forecast of the Ministry of agriculture (118 million tons, including 75 million tons of wheat).

The downgrade of the harvest has led to a serious deterioration in the forecast of exports. Experts believe that in the current agricultural year Russia will remove 41.9 million tons of cereals, legumes and their products (44,3 mln tonnes last agricultural year) and 31.4 million tonnes of wheat (35.3 mln tons).

"The decline in export capacity will support rates in the world and will facilitate intense competition for grain between traders and processors in the country", - experts predict.

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