USDA cuts Russia’s 2021 wheat harvest forecast to 72.5 mln tns

MOSCOW, Aug 13 (PRIME) -- The U.S. Department of Agriculture has slashed its forecast for Russia’s wheat harvest in the 2021–2022 agricultural year, or in the 2021 calendar year, to 72.5 million tonnes from 85 million tonnes, as seen by PRIME in the authority’s report released late on Thursday.

The authority also reduced Russia’s wheat export forecast for the 2021–2022 agricultural year, lasting from July 1, 2021 through June 30, 2022, to 35 million tonnes from 40 million tonnes. The export estimate for the last agricultural year amounts to 38.5 million tonnes.

The authority expects the E.U. wheat exports to amount to 35 million tonnes in the period, and the U.S. exports to stand at 24.5 tonnes.

The Agriculture Ministry expects Russia’s grain exports at 48 million tonnes in the 2020–2021 agricultural year, including 37.5 million tonnes of wheat. The export potential of the current agricultural year is estimated at 51 million tonnes.

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