FAS USDA: Russia will overtake the US in wheat exports

14.06.2017

Foreign agricultural service of USDA (FAS USDA) announced the forecast of wheat exports for the coming season

FAS USDA expects the season-2017/18 Russia is able to export 29 million tons of wheat, while leading in the current marketing year the United States will sell on the global market, only 27 million tons in This way Russia will become a leading exporter of wheat in the world market.

At the end of the current season, exports from the US will amount to 28.2 million tons, the forecast of export from Russia FAS USDA lowered 0.5 million tons to 27.5 million tons of U.S. Agency traditionally does not take into account the figures for the Crimea.

From reports FAO and USDA FAS, it follows that the gross grain harvest in our country could exceed 110 million tonnes, the agriculture Ministry earlier lowered its crop forecast for this year from 110 million tonnes to 100-105 million tons due to unfavorable weather conditions.

According to the state program of development of agriculture, the gross grain harvest this year is expected to be 104 million tonnes Napomnim, in 2016 in Russia was obtained by a record grain harvest of 120.7 million tons, including 73.3 million tons of wheat.

According to the FCS, since the beginning of the season and 7th of June grain exports from Russia amounted to 33.9 million tons, 0.9 million tons higher than the same period in 2015/16.

On 1 June the head of the Ministry Alexander Tkachev in an interview with TASS said that the season's grain exports will make up 34-35 million tons, and in the next 37-38 million tonnes.


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