Russia. 2017/18 outlook

15.02.2017

Russia’s Ag Ministry forecasts the country’s 2017 total seed acreage at over 80 Ml ha for the first time in 15 years. It is to reach 80.1 Ml ha, up 600 Th ha from 2016.

The area planted with winter crops for the 2017 harvest was increased by 303 Th ha to 17.3 Ml ha. This includes 14.8 Ml ha planted to winter wheat, or 5.7% more than sown for the 2016 harvest (14 Ml ha).

Due to the significant expansion of winter wheat plantings for the 2017 harvest and an expected further increase in Russia’s corn planted area, we forecast some downward adjustment of spring wheat acreage. UkrAgroConsult predicts spring wheat plantings to shrink by 3% to 13.3 Ml ha in 2017.

In general, despite the huge 2016 wheat harvest and most likely record-high carryovers as of the end of 2016/17, Russian grain growers continue boosting (or, in other words, restoring) their wheat areas for a fifth year in a row.

UkrAgroConsult predicts all Russian wheat plantings for the 2017 harvest to grow by 1.5%. So, they may reach the largest size since 2009/10.

Full version of the article is available to subscribers for weekly market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.

 

UkrAgroConsult

Readers choice: TOP-10 articles of 2016 by UkrAgroConsult