Russia. UkrAgroConsult cut its crop forecast for wheat, but raised for barley

Wheat harvest in Russia is half complete. The average yield already exceeds last year’s one, though just marginally (+1.5-2%). However, yields in important wheat growing regions are lower than expected or slightly higher than last year, reports UkrAgroConsult.

UkrAgroConsult reduced its wheat crop forecast, but we do not rule out its further downward adjustment as the harvest advances. The estimate for exports was cut to the lowest in three years).

The forecast for barley production was increased due to a larger planted area and a higher yield (on average up 15% from last year). The forecast for exports was raised by 0.6 MMT.

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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators – the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.