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Research institute cuts forecast for Russian wheat exports by 5 million tons

 Last Update: 2022-04-16
 Source: Internet
 Author: User

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Foreign media, March 7 news: TASS quoted consulting agency ProZerno as saying that in 2021/22 (July to June) Russia will export 27 million tons of wheat , 5 million tons less than the previous forecast of 33 million tons.
USDA 's February forecast of 35 million tons was 8 million tons lower
.

The latest figures show that Russia has exported 23 million tonnes of wheat
.

Russia's grain exports in 2021/22 will fall from 42 million tonnes to 35 million tonnes due to the suspension of grain exports due to the conflict in Ukraine, head of the company Vladimir Patrichenko told the Winter Grains Conference
.

The outlook for exports could be based on two scenarios, a baseline state and a crisis state, he said
.
In a baseline state (without the Ukraine conflict and sanctions), grain exports would reach 42 million tonnes, including 33 million tonnes of wheat
.

But given the current situation, only a maximum of 27 million tonnes of wheat can be exported, and cereal exports are estimated at 35 million tonnes
.

Grain ending stocks will also be raised to 19 million or even 20 million tons, instead of the 12 to 13 million tons in the baseline case, and wheat ending stocks will also rise to 13.
3 million tons from the baseline of 7.
3 million tons
.

Export Wheat USDA

　　The latest figures show that Russia has exported 23 million tonnes of wheat
.

　　But given the current situation, only a maximum of 27 million tonnes of wheat can be exported, and cereal exports are estimated at 35 million tonnes
.

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