Wheat stocks on June 1 at agricultural, procurement and processing organizations (excluding small businesses) amounted to 6 million 965 thousand tons, which is 20.8% below the level of 2019.
As said to "Interfax" the head of the center Igor Pavensky, this is the lowest figure over the past six years. On June 1, 2014, the reserves amounted to 6.22 million tonnes. A month ago - on may 1, 2020, wheat stocks were below last year by 12.1%. "However, due to the fact that exports in June decreased by 2.3 times compared with the previous year, to 0.6 million tons, the gap in grain stocks from the level of previous years of July 1, could be reduced", - he said.
According to him, in the South (southern and North Caucasus Federal district) reserves declined by 29.7%, to 1 million 115 thousand tons and was 6-year-old minimum. This was due to export growth in may to 2.26 million tons from 1.37 million tons in may 2019, Pavensky said.
As of may 1, reserves in the South were lower than last year by 12.8%.
The growth of exports and active demand from domestic consumers led to the decline in wheat stocks in the Central regions. "If a month earlier, they exceeded last year's by 8.2% by June 1, compared with the same period last year decreased by 7.6% to 1 million 824 thousand tons and became minimal over the past six years," said Pavensky, Recalling that in 2014 the reserves of 1.35 million tons.
In the Volga region reserves are at a seven-year low of 1.22 million tons. This is 26.7% less than last year.
In Siberia, wheat stocks decreased by 31.2% to 1,705 million tons. It is close to the level of eight years ago - of 1.76 million tonnes, and by 30.6% below the average for the last five years, Pavensky said.
According to him, the backlog from last year has increased due to the growth of domestic consumption and subsidized export of wheat. From February to may from the region exported 1 million 061,8 thousand tons of wheat, including in may - 224,9 thousand tons. Exported 717,9 thousand tons of wheat, including in may of 129.9 thousand tons.
Translated by service "Yandex.Translation"