Moscow | Reuters — Agricultural consultancy Sovecon said on Wednesday it had slightly raised its forecast for Russian wheat production for 2025 by 0.2 million metric tons to 83.0 million metric tons, citing improved crop conditions in parts of central Russia.
Why it matters: Russia is one of the world’s top wheat producers. The size of its crop has implications for global wheat prices.
It also raised the total grain crop forecast to 129.5 million metric tons, up from 127.6 million metric tons in May.
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“The revision reflects improved crop conditions in parts of central Russia, especially in the eastern areas and Voronezh region,” Sovecon said.
It added that the improved outlook for the central region was “partly offset by lower forecasts for Siberia and the Urals, where the spring wheat area is expected to fall sharply”.
Agriculture Minister Oksana Lut said last week that Russia aims to export 45 million tons of wheat in the coming marketing season which starts on July 1, slightly more than in the current season. Russia is the world’s largest wheat exporter.
The government estimated this year’s grain harvest at 135 million metric tons in 2025, above last year’s level of 130 million tons. The estimate includes the expected harvest from Russian-controlled regions of Ukraine.
— Reporting by Olga Popova
