“Yakov and his associates”: Russia confirms its status as the world’s main grain power 00:01

Last year, Russia confirmed its status as the main grain power in the world: last year grain production in the country exceeded the 2021 figures by almost a third, by 26.8%, reaching 153.8 million tons. This is stated in the report of the company “Yakov and Partners” (founded by the Three Big agency partners: McKinsey & Company, BCG and Bain & Company), received by the editors of socialbites.ca. The report was prepared on the basis of a survey among managers and specialists of Russian agro-industrial companies.

“According to Rosstat, grain production in Russia last year amounted to 153.8 million tons by net weight. “This is 26.8% higher than the 2021 harvest and is an absolute record.”

It appears from the report that many agricultural producers in Russia exceeded their plans by tens of percent in 2022.

“For many farmers, the 2021-2022 season was a record season. “So, in the Volga and Southern federal regions, 54% and 60% of farmers, respectively, said they exceeded their grain plans,” said Alexey Poroshkin, a Yakov and Partners expert and one of the report’s co-authors.

The Yakov and Partners study, on which the report is based, was carried out at the end of December 2022, based on a survey of farmers. Farmers from 96 Russian companies with land banks between 20 thousand and 120 thousand hectares participated. The perimeter of the survey is 3.3 million hectares in 20 districts of the country in four federal districts.

February 6 Russian Deputy Minister of Agriculture Oksana Lut statedIn the first half of the current agricultural year (1 July 2022 – 30 June 2023), the grain sales volume from Russia to abroad is expected to reach 30-35 million tons. “We exported 29 million tons (in the first half of 2022-2023 agricultural year or in the second half of 2022), we hope to export about 30-35 million tons in the second half of this year,” said Lut. aforementioned.

In the second half of September, Lut reported that in 2022 and 2023, Russia’s grain export volume could reach 50-60 million tons. According to him, the result depends on the level of the crop.