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Top stories in the Russian press on Thursday, May 13

Vedomosti: Russia projected to have one of its largest grain harvests in history

The United States Department of Agriculture (USDA) published its forecast of grain harvest in 2021, according to which Russia is projected produce 126.5 mln tonnes, including 85 mln tonnes of wheat and 41.5 tonnes of feed grain. Director General of the ProZerno think-tank Vladimir Petrichenko notes that this is a very high and upbeat estimate, Vedomosti writes.

The expert notes that the US method of calculation differs from Russia’s, which also takes into account Crimea (where the grain harvest is expected to reach 1.7 mln tonnes this year) as well as pulses and buckwheat (some 4-5 mln tonnes). Given this volume, this year’s harvest could be on par with last year, which was the second-largest in history and hit 133.5 mln tonnes.

This year Russia will see a good harvest in its southern regions due to favorable weather conditions, said Dmitry Rylko, Director General of the Institute for Agricultural Market Studies (IKAR). However, the harvest could be delayed and take place in the summer heat, leading to a reduction in volume.

According to the USDA forecast, Russia is projected to export 40 mln tonnes of wheat to the global market in the 2021-22 season. However, Director of Sovecon Andrei Sizov estimates this figure at 33-35 mln tonnes. IKAR and Rusagrotrans put the figure at 38 mln tonnes and 40 mln tonnes, respectively.

On June 2, Russia will introduce a floating export tax, which will affect the country’s export potential, Rylko notes. According to the Ministry of Agriculture, this agricultural year, Russia will export 44.7 mln tonnes of grain, 7.9% more than in the previous period of last season. Without these restrictions, this figure could be higher, Rylko says.

https://tass.com/pressreview/1289111

14.05.21

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