Russia has admitted that the final data on the country’s food reserves may differ from the downwardly estimated 86 million tons of wheat. This was announced by the head of the Ministry of Agriculture, Oksana Lut. “To hit the primer” .
According to the Minister, ensuring domestic demand remains a priority.
“There is no final forecast for wheat yet; harvest figures may fluctuate downwards,” Lut said.
He also announced that exports would be made only based on harvest figures.
The FAO has forecast the Russian Federation’s wheat harvest at 84 million tonnes in July, after a record 92.8 million tonnes last year. The country is set to export a record 55.3 million tonnes of wheat in the 2023-2024 agricultural season, accounting for more than a quarter of the world market.
Such an addiction brought On the rise in prices on the Chicago Mercantile Exchange against the background of frosts in the regions of Russia in the spring.
Gladkov before stated About the victory in the “battle for the harvest” in the Belgorod region.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.