UkrAgroConsult raises grain production estimates for Russia

25.10.2017

The harvest of staple cereals in Russia is drawing to an end. The average wheat and barley yields in the country impress most market participants. So, the current wheat yield in Russia is 15.4% higher than last year, while that of barley is up 18.7% year-on-year.

It should be admitted: this is an extraordinary situation. As a rule, these cereals’ yields in key Black Sea countries (Ukraine, Russia and Kazakhstan) have followed the same trend over the last decade. Of course, exception seasons occurred at the time, but they were extremely rare and featured very insignificant trend adjustments. The current season saw a year-on-year drop in Ukrainian and Kazakh grain yields, whereas only Russia enjoyed an unprecedented rise.

At the same time, depending on the region, crops were exposed both to drought and moisture oversupply during the growing season, and these adversities entailed rather serious consequences for the grain crop in some areas.

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-5 articles of the month by UkrAgroConsult