IKAR in Mass and Industry Media

Russia's IKAR cuts forecast for 2018 Russian grain crop

Reuters

MOSCOW, Aug 28 (Reuters) - IKAR, one of the leading agriculture consultancies in Moscow, on Tuesday downgraded its forecast for Russia's 2018 grain crop to 110 million tonnes from a previously expected 112.8 million tonnes.

∙ Its forecast for Russia's 2018/19 grain exports was cut to 39.8 million tonnes from 41 million tonnes. The estimate for wheat exports was unchanged at 32.5 million tonnes.

∙ Its estimate for wheat output was cut to 69.6 million tonnes from 70.8 million tonnes, with the corn estimate cut by 100,000 tonnes to 11.7 million tonnes.

∙ IKAR's forecast for Russia's 2018 grain crop includes pulses and grain production in the Crimea peninsula.

28.08.18

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