Econ Ministry forecasting grain harvest at 100-102 mln tonnes, exports – 32 mln tonnes in 2014

MOSCOW. Sept 26 (Interfax) – The Russian Economic Development Ministry is forecasting that Russia’s 2014 grain harvest will be 100 million-102 million tonnes in net weight and exports will be 32 million tonnes, a forecast for Russian socioeconomic development in 2015 and the planned period of 2016-2017 said.

In 2013, Russia harvested 92.4 million tonnes and exported 25.4 million tonnes.

“The rise in production is attributed to the rise in crop yield due to favorable weather conditions in major grain-producing regions,” the ministry said

The rise in grain production, as well as the situation on the global market, will allow a reduction in prices for grain from the new harvest to 7,000-7,500 rubles per tonne against today’s 8,000-8,200 rubles per tonne, the ministry said.

In the medium term, grain production, due to the increase in crop yield, could rise by 14%-17% to 105 million-108 million tonnes, and exports will amount to 31 million-33 million tonnes.

According to the forecast, in 2015 the harvest will amount to 103 million tonnes, 2016 – 104 million tonnes and 2017 – 105 million tonnes. The forecast for 2017 is lower than the indicator in the state program for agricultural development in 2013-2020, which was 107 million tonnes.

According to the Economic Development Ministry’s forecast grain exports for the current agricultural year (July 2014-June 2015) will amount to 32 million tonnes, in 2015/2016 – 32.3 million tonnes, in 2016/2017 – 32.2 million tonnes and in 2017/2018 – 32.4 million tonnes. The estimate for grain imports was reduced from this agricultural year’s 700,000 tonnes to 500,000 tonnes in 2017/2018.

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