AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

MOSCOW: Russia’s grain harvest in 2023 will amount to 142.6 million metric tonnes in net weight, down 9.5% from the record harvest of 2022 but still its second largest, according to state statistics published on Monday.

The harvest of winter and spring wheat totalled 92.77 million tonnes in net weight, down from 104.23 million tonnes in 2022, according to data from the federal statistics service.

The total crop for 2022 amounted to 157.61 million tonnes.

“We will have the second largest grain harvest in the entire history of the country,” Russian Agriculture Minister Dmitry Patrushev told the Komsomolskaya Pravda newspaper in an interview published on Monday.

“This will allow to not only to provide the domestic market with a stock, but also to send significant volumes of grain to foreign partners.”

Patrushev said that Russian grain exports in 2023 had been hindered by a lack of vessels, plus problems with insurance and payments caused by Western sanction.

Russian wheat export prices up

China is the world’s biggest wheat producer but Russia is usually the top exporter of wheat. Russian total agricultural exports totalled more than $45 billion in 2023, a record, Patrushev said.

“In the first half of the current season, we expect exports of about 35 million tonnes of grain, and in the second at least another 30 million tonnes, so that about 65 million tonnes will leave the market,” he said.

Patrushev, the son of Nikolai Patrushev, a powerful ally of President Vladimir Putin, said that Russia expected a harvest of around 1.6 million tonnes of durum wheat. Russia has imposed a ban on exporting durum wheat until the end of May.

“Next year, we set the task to further expand the acreage and increase the production of this crop to 2 million tonnes both to saturate the domestic market and to form a good export potential for this crop,” Patrushev said.

He said Russia’s soy production covered domestic consumption and that it would rise to around 7-8 million tonnes over coming years, allowing exports. The potato harvest rose to 8.6 million tonnes, the biggest in 30 years, Patrushev said.

“The gross harvest of sugar beet amounted to 52.2 million tonnes. Accordingly, we will receive about 7 million tonnes of sugar this agricultural year.”

Comments

Comments are closed.