Russia. Ag Ministry raised its grain export forecast for the current season


According to the Russian ag minister, this season’s grain exports are expected at 52-53 MMT, Interfax reports.

The ministry’s previous forecast equaled 45-47 MMT. However, as early as at the beginning of March, the Ag Ministry did not rule out that exports would amount to 50 MMT, reports UkrAgroConsult.

According to current data of Russia’s Federal Customs Service, some 37.7 MMT of grain was exported in MY 2017/18 by March 21, i.e. 40% more than at the same time last season (26.9 MMT).

This volume included 29.4 MMT of wheat (+43%), 4.3 MMT of barley (+190%), 3.7 MMT of corn (-3%) and 253 KMT of other crops (+42%).



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