Russian wheat crop forecast raised to new record




Russian SovEcon raised its forecast of Russian 2022 wheat production by 0.6 mln tonnes to a new record of 89.2 mln tonnes.

Estimation of spring wheat planted area was increased from 12.1 mln ha to 12.65 mln ha amid faster planting progress. Forecast of spring wheat yield was increased from 1.7 t/ha to 1.82 t/ha due to better weather conditions primary in Volga and Ural regions.

Better prospects of spring wheat production fully offset the deterioration of winter wheat harvest prospects. Winter wheat yield forecast was cut from 4 t/ha to 3.89 t /ha amid hot and dry weather in southern Russia.

the next several weeks will be crucial for wheat production forecast in Russia, as the first data on yield will come from southern regions, SovEcon said.