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The Ministry of agriculture confirmed the forecast for export 45 million tonnes of grain in season 2019/20
Russia since the beginning of this agricultural year (1 July to 15 December) exported of 22.03 million tons of grain, which is 15.8% less than in the previous season.
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Including wheat exports fell by 13.4% to 19.1 million tonnes, according to the Center for agrobaltika of the Ministry of agriculture of the Russian Federation.

In the second half of the season (January-June), you can expect an increase in the rate of export of wheat and barley compared to last season, analysts say.

"The pace of exports of wheat and barley of the main competitor countries far exceed their export potential, and Russia, on the contrary, the current export is below potential. In the second half of the season the competitiveness of Russian wheat will rise, which will lead to higher exports in January - June compared with the previous season," - stated in the message.

According to the forecast of the Ministry of agriculture, for all the current agricultural year (July 2019-June 2020.) grain exports will amount to 45 million tons, including 36 million tons of wheat.

According to the Center for agrobaltika, during the week from 9 to 15 December the Russian grain exports amounted to 658 thousand tons, which is 11% below the average for the previous 4 weeks. Including wheat exports fell by 15% to 533 thousand tons.

 

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Translated by service "Yandex.Translation"
Источники: Зерно Он-Лайн
Tuesday, 18 February 2020
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