IKAR cuts its forecast for Russia's 2021 wheat crop

IKAR cuts its forecast for Russia's 2021 wheat crop

access_time2021-11-25 09:00:19


Russian agriculture consultancy IKAR said on Thursday it had cut its forecast for Russia's 2021 wheat crop to 74-75 million tonnes due to lower production in several regions.

Russia is the world's largest exporter of wheat, supplying it to Africa and the Middle East. Its farmers are harvesting the 2021 crop with lower yields than a year ago due to dry weather.

"The reasons are clear: smaller crop in the Central, Volga and Urals regions. However, high level of uncertainty still remains," Dmitry Rylko, the head of IKAR, said in a note.

In August, IKAR expected the wheat crop at 77 million tonnes. The forecast was downgraded from that level sometime ago but released to the media on Thursday, Rylko said.


IKAR currently expects Russia's 2021 grain crop at 117.5-120 million tonnes, including 17.5-18 million tonnes of barley and 14-14.5 million tonnes of maize (corn), the consultancy added.

Russia harvested 85.9 million tonnes of wheat in 2020.

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