Russia’s 2018/19 grain exports seen at up to 50 million tonnes

MOSCOW (Reuters) – Russia is expected to produce 120-130 million tonnes of grain in 2018, of which 45-50 million tonnes will be available for exports in the 2018/19 marketing season which will start on July 1, the IKAR agriculture consultancy said on Friday.

Russia’s wheat crop may come at 73-82 million tonnes, of which 32-36 million tonnes could be exported in 2018/19, IKAR told a conference

Its estimate for 2018 grain crop is preliminary and is significantly higher than an estimate of 106 million tones provided by the Agriculture Ministry this week

“We do not believe in this estimate at all,” IKAR’s Dmitry Rylko said regarding the ministry’s forecast.

Russia, one of the world’s largest grain exporters, harvested a record grain crop of 135 million tonnes in 2017.

In the current 2017/18 marketing year, which lasts until the end of June, IKAR expects Russia’s grain exports at 47.7 million tonnes, including 36.5 million tonnes of wheat.

Russia exported a record 31.5-31.9 million tonnes of grain, including 24.3-24.7 million tonnes of wheat, between July 1, 2017, and Jan. 31, 2018.

Barley exports totalled 3.3 million to 3.7 million tones during that period.

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