AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

Dry spring weather with little rain expected in the next two weeks is starting to raise concerns about this year's grain harvest among Russian farmers and analysts.

Russia, the world's largest wheat exporter, is still expected to harvest a larger crop in 2020 than a year ago as farmers sowed a bigger area with winter grains, and their sowings remain in a healthy state after a mild winter.

However, the lack of rain in the main grain exporting southern regions is starting to support Russian wheat prices, Dmitry Rylko at IKAR agriculture consultancy said, adding that rains were "badly needed" after a dry March.

SovEcon, another consultancy said the weather remained unfavourable for the new crop.

"The crops are still in good shape but ample precipitation will be needed in the next few weeks, especially in Russia's south," it said.

The weather was dry in the majority of winter wheat regions last week. The situation is better in the central and Volga regions as more precipitation is expected there, SovEcon added.

The spring grain sowing in Russia has been running ahead of last year's pace due to the early arrival of spring weather.

As of April 10, farmers had sown spring grains on 3.5 million hectares, or 12% of the total area, compared with 1.6 million hectares a year ago.

"There are risks," a farmer in the southern Krasnodar region said.

Last winter was warm with a lack of snow, and there is a lack of rain this spring. Some light rains are expected this week, and none are seen in the following weeks so far, he added.

Moisture in the soil is still far from its normal level, but the sowings are not damaged yet, another farmer in Russia's south said.

The Russian Agriculture Ministry currently sees the 2020 grain crop at 125.3 million tonnes, while SovEcon sees it at 129.8 million tonnes, including 84.4 million tonnes of wheat. In 2019, the grain crop totalled 121.2 million tonnes, including 74.5 million tonnes of wheat.

Copyright Reuters, 2020

Comments

Comments are closed.