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The USDA cut its forecast for the wheat harvest in Russia in the 2019-2020 marketing year
The USDA cut its forecast for the wheat crop in Russia in 2019-2020 agricultural year (from 1 July 2019 to 30 June 2020) to 72.5 million tons, to of the September review of the Ministry.
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The August assessment of the Ministry at harvest was 73 million tons. The forecast for wheat exports this season was retained 34 million tons. According to the Ministry, carry-over stocks of this culture at the end of June next year will be reduced to 7,305 million tons (estimate reduced from 7,463 million) with 7.83 million tons at the end of June 2019.

According to the Ministry, the United States in the 2019-2020 marketing year can export 26.5 million tonnes of wheat (assessment retained). Delivery from EU countries in the current season can be 27.5 million tons (the forecast has been increased from 26.5 million tons). Global wheat production this season may reach 765,529 million tonnes (August estimate — 768,074 million).

Russia's agriculture Ministry expects the grain harvest in Russia in 2019 will amount to 118 million tons, the wheat harvest could reach 75 million tons. In 2018, the grain harvest in Russia totaled 113,255 million tons, including 72,136 million tons of wheat.

Grain exports from Russia in 2018-2019 agricultural year (from 1 July 2018 to 30 June 2019) was 43.3 million tons (including 35.2 million tons of wheat). Russia's agriculture Ministry expects grain supplies abroad in the current agricultural year will amount to 45 million tons of wheat and 36 million tons.

 

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Translated by service "Yandex.Translation"
Источники: Аграрные новости