“SovEcon” has reduced the forecast for grain harvesting in Russia in 2024 to 122.9 million tonnes from the previous 124.4 million tonnes according to the September estimate.
According to their statement, these figures may lead to a record low yield, which was last seen in 2021 when Russia harvested 121.3 million tonnes of grain.
The forecast for wheat harvesting has been cut to 81.5 million tonnes from the previous 82.9 million tonnes due to a significant decrease in yield at the end of the harvesting season in several Siberian regions. The wheat production forecast in the Siberian Federal District has been reduced to 10.2 million tonnes from 11.3 million tonnes a month earlier.
The estimate for barley harvesting has also been revised downwards to 16.5 million tonnes from the previous 17.2 million tonnes, mainly due to a decrease in yield in Siberia. At the same time, the forecast for corn harvesting has been increased from 11.7 million tonnes to 12.2 million tonnes, reflecting relatively high yields in the Central and Volga Federal Districts.
On October 10, the official forecast for grain harvesting in the country was also reduced. As Vice Prime Minister Dmitry Patrushev stated, the grain harvest will amount to about 130 million tonnes, including 83 million tonnes of wheat. The previous forecast was 132 million tonnes, including 84 million tonnes of wheat.
In 2023, Russia harvested 144.9 million tonnes of grain, of which 92.8 million tonnes were wheat.