Sovecon raises its forecast for Russia’s 2021 wheat crop

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Sovecon raises its forecast for Russia’s 2021 wheat crop


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MOSCOW, June 23 (Reuters)Russian agriculture consultancy Sovecon mentioned on Wednesday that it had raised its forecast for Russia’s 2021 wheat crop by 2.2 million tonnes to 84.6 million tonnes attributable to beneficial climate and a bigger sowing space.

Russia, the world’s largest wheat exporter, is anticipated to begin harvesting this 12 months’s grain crop in late June or early July.

“Climate within the Black Sea stays pleasant for the brand new crop. Ample precipitation across the Black Sea in latest weeks improved the outlook for corn and wheat crop and offset penalties of the drought in Russia’s Siberia and Urals,” Andrey Sizov, the pinnacle of Sovecon, mentioned in a observe.

It expects yields within the southern area, Russia’s largest wheat producing and exporting space, to be near a document excessive this 12 months.

Sovecon at the moment expects Russia’s 2021 grain crop at 131.zero million tonnes, up 1.2 million tonnes from its earlier estimate, it added.

(Reporting by Polina Devitt; Modifying by Jan Harvey and David Evans)

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