At the end of 2017, the Russian State Statistics Service published preliminary data on grain crops and yields in the country. According to its information, the 2017 crop of cereals and pulses totaled 134.13 MMT in net weight and 140.98 MMT in bunker weight.
Other important changes in the publication of the Russian State Statistics Service include updated figures for cereal plantings, which were reduced for all of the key grains.
Russia found itself in quite good position with its bumper crop. According to preliminary data of market participants, in the first half of the 2017/18 season Russia exported 33% more than at the same time a year ago.
In view of an upward trend in global consumption, demand for wheat is only strengthening. The factor of weather also favored Russian wheat: its mild pattern did not constrain navigation in the winter months, when grain shipments from Russia traditionally decrease by half. Although its exports have already started falling now, they are holding peak positions anyway, reports UkrAgroConsult.
Damien Plan, a Team Leader Arable Crops Markets, DG Agriculture, European Commission will make an outlook on further prospects of Ukraine-EU grain and food trade at the XV International Conference “Black Sea Grain-2018” .
Rapeseed is now becoming once again a topical subject for the oilseed sector of agriculture. Remarkably, this involves not only forecasts for the next season 2018/19, but also expectations about the results of the current marketing year.