APK-Inform increased Russian grains production forecast to 126 mln tonnes

Source

APK-Inform

11763

Analysts of APK-Inform Agency revised the forecast of grains and pulses in Russian in 2020/21 MY, increasing it to 126 mln tonnes, up 0.8% to previous projection, which is 4% higher than 2019/20 MY figure.

The improvement of production prospects of wheat owing to the record yield in many regions of Central and Volga FDs was the main reason for the upward revision. Moreover, the adjustment of production was made taking into account the preliminary estimates of planting areas under wheat in Russia at 29.4 mln ha, according to FSSS July report.

Taking into account all these factors, the forecast of wheat production in Russia was revised to 79.2 mln tonnes, up 1.7% to July figure, and up 6.4% 2019/20 MY crop.

The forecasts of other crops production – barley and corn – remained unchanged and amount to 19.4 and 14.5 mln tonnes respectively.

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