Russia has boosted grain yields by round six p.c year-on-year, harvesting 124 million tons of grain, in response to the most recent information from the Russian Ministry of Agriculture.
With harvest season nearing an finish, Russian farmers have cultivated over 90 p.c or greater than 43 million hectares of the planted land as of October 2, the ministry stated. Crop yield stood at 28.6 centner per hectare, in comparison with 26.9 centner per hectare over the identical interval final yr.
The harvest of one in every of Russia’s key grains, wheat, rose to 85.9 million tons, already exceeding final yr’s outcomes. Whereas this may be already thought-about the second-largest wheat harvest for the nation, it’s shifting nearer to the 2017 file, when 86 million tons of wheat had been collected in Russia.
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The most recent figures beat earlier analysts and authorities’ expectations. Final week, the Russian Ministry of Agriculture stated that it anticipated this yr’s grain harvest to face at 122.5 million tons. This may be one of many nation’s largest harvests, second solely to the file 135.5 million tons recorded in 2017.
Supported by an enormous grain harvest, Russia is projected to retain its management within the international wheat market within the coming years. Pakistan is about to turn into one other giant importer of Russian wheat this yr, because the nation’s authorities introduced on Friday that it’s going to ship 180,000 million tonnes of it “waiving off all taxes, duties.” Pakistan joins different nations which boosted wheat purchases from Russia lately, corresponding to Saudi Arabia, Egypt, Turkey, Brazil, Vietnam and Tanzania amongst others.
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