AIRLINK 191.84 Decreased By ▼ -1.66 (-0.86%)
BOP 9.87 Increased By ▲ 0.23 (2.39%)
CNERGY 7.67 Increased By ▲ 0.14 (1.86%)
FCCL 37.86 Increased By ▲ 0.16 (0.42%)
FFL 15.76 Increased By ▲ 0.16 (1.03%)
FLYNG 25.31 Decreased By ▼ -0.28 (-1.09%)
HUBC 130.17 Increased By ▲ 3.10 (2.44%)
HUMNL 13.59 Increased By ▲ 0.09 (0.67%)
KEL 4.67 Increased By ▲ 0.09 (1.97%)
KOSM 6.21 Increased By ▲ 0.11 (1.8%)
MLCF 44.29 Increased By ▲ 0.33 (0.75%)
OGDC 206.87 Increased By ▲ 3.63 (1.79%)
PACE 6.56 Increased By ▲ 0.16 (2.5%)
PAEL 40.55 Decreased By ▼ -0.43 (-1.05%)
PIAHCLA 17.59 Increased By ▲ 0.10 (0.57%)
PIBTL 8.07 Increased By ▲ 0.41 (5.35%)
POWER 9.24 Increased By ▲ 0.16 (1.76%)
PPL 178.56 Increased By ▲ 4.31 (2.47%)
PRL 39.08 Increased By ▲ 1.01 (2.65%)
PTC 24.14 Increased By ▲ 0.07 (0.29%)
SEARL 107.85 Increased By ▲ 0.61 (0.57%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 39.11 Increased By ▲ 2.71 (7.45%)
SYM 19.12 Increased By ▲ 0.08 (0.42%)
TELE 8.60 Increased By ▲ 0.36 (4.37%)
TPLP 12.37 Increased By ▲ 0.59 (5.01%)
TRG 66.01 Increased By ▲ 1.13 (1.74%)
WAVESAPP 12.78 Increased By ▲ 1.15 (9.89%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.95 Increased By ▲ 0.10 (2.6%)
BR100 11,930 Increased By 162.4 (1.38%)
BR30 35,660 Increased By 695.9 (1.99%)
KSE100 113,206 Increased By 1719 (1.54%)
KSE30 35,565 Increased By 630.8 (1.81%)

MOSCOW: Russia will harvest more than 123 million tonnes of grain after drying and cleaning in 2021, the agriculture minister said on Thursday, cutting the official estimate after months of being more positive about the crop than main analysts have been. Russia is the world's largest wheat exporter, supplying it mainly to the Middle East, Africa and Asia. It competes with the European Union and Ukraine, among others.

The ministry had previously expected this year's crop to reach 127.4 million tonnes. It maintained that estimate from the spring despite main analysts gradually cutting their estimates because of dry weather. Speaking at a government meeting, the minister, Dmitry Patrushev, did not disclose the new estimate for the wheat crop. His ministry did not reply to a Reuters request for comment.

IKAR, one of the leading agriculture consultancies in Moscow, on Thursday said that it expects Russia's 2021 grain crop to reach between 119.5 million and 121.7 million tonnes, of which 40 million to 41.5 million tonnes would be available for export. Its 2021 wheat crop forecast was narrowed to between 75 million and 75.6 million tonnes.

In bunker weight - before drying and cleaning - Russia is expected to produce 127 million tonnes of grain, Patrushev said, of which 119 million tonnes have already been harvested. The minister said Russian farmers are expected to sow winter grains for the 2022 crop on 19.5 million hectares this autumn.

Their sowing campaign has been delayed by dry weather in several regions. So far they have planted on 17.6 million hectares, down from 18.3 million hectares around the same date.

Comments

Comments are closed.