Russia: Grain and Feed Update
Link to report:
Russia’s grain crop in MY19/20 will be abundant, particularly for barley and corn. FAS Moscow decreased its 2019/20 total wheat production forecast by five million metric tons (MMT) to 74 MMT reflecting official and unofficial data from the Russian Government and industry experts following initial results of the 2019 harvest. Dryness in some areas versus too much rain in others have reduced expected yields. However, overall grain production is expected to be higher than MY18/19. Recent publications by the Russian Government show an increase in quality of milling wheat based on protein and gluten content. The recent opening of the Saudi Arabia market for Russian wheat could modestly expand Russia’s already large market share in the Middle East and North Africa.
