The Institute for Agricultural Market Studies (IKAR) has reduced the forecast for wheat harvest in Russia this year by 2 million tons due to weather conditions, Interfax reports.
According to IKAR Director General Dmitry Rylko, the new forecast is 84 million tons against the previous 86 million tons.
The export potential of wheat in the new agricultural year (July 2023-June 2024) is estimated at 41 million tons.
As Rylko explained, the forecast was lowered due to the fact that weather conditions in a number of regions are not quite optimal for the development of plants. "On the European territory, in some regions it is dry, in particular, in the east of Stavropol, in others - high humidity," he said.
According to him, the regions of the Southern Urals and parts of Western Siberia still lack moisture. "So far, time has not been lost, but within the next two weeks rains are needed," Rylko said.
As reported, the Ministry of Agriculture this week gave its forecast for the collection of grain in the Russian Federation this year - 123 million tons, including 78 million tons of wheat.
