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ever.
This forecast echoes
President Putin's prediction last month.
The head of the Russian Grain Union (RGU), Arkady Tsirochevsky, said that this year's harvest will hit a record high, definitely not less than 140 million tons
.
.
Russia's agriculture ministry predicts the harvest could reach 150 million tons, including about 100 million tons of wheat
.
.
Russia's cereal production reached a record 135.
4 million tonnes
in 2017.
4 million tonnes
in 2017.
According to Tsirochevsky, domestic cereal prices have fallen sharply and are currently at the cost level
.
For this reason, farmers are not prepared to sell and transport grain to warehouses, but store it in barns, waiting for better times
.
He added that this is related
to lower export demand.
.
For this reason, farmers are not prepared to sell and transport grain to warehouses, but store it in barns, waiting for better times
.
He added that this is related
to lower export demand.
In late September, Putin predicted a record
Russian cereal harvest this year.
Russian cereal harvest this year.
In recent years, thanks to a bumper cereal harvest and attractive prices, Russia has become the world's largest exporter of
grain.
grain.
Russia's share of the global wheat market has quadrupled since the beginning of the 21st century, and the country will maintain its leading position
in the world wheat market in the coming years.
in the world wheat market in the coming years.
