IKAR in Mass Media

Russian drought threatens 2025 grain crops

30 сентября 2024 года

MOSCOW, Sept 27 (Reuters) - Russia's winter crop sowing is in a very difficult situation due to severe drought, which is expected to seriously affect next year's harvest, analysts and farming company executives said on Friday.

A drone view shows a bird that flies over a tractor during wheat sowing in a field of the agricultural enterprise Sovkhoz Morskoi near the village of Leninskoye in the Novosibirsk region, Russia, May 17, 2024. REUTERS/Vladislav Nekrasov

The Sovecon consultancy warned earlier this week that wheat sowing rates in Russia have fallen to an 11-year low, clouding the outlook for the 2025 grain harvest in the world's top wheat exporter.

Chicago wheat prices climbed to their highest in almost two weeks on the warning before sliding again on demand worries.

"We are closely monitoring the situation with the winter crops. It appears to be extremely difficult, potentially turning into some kind of dramatic scenario," IKAR consultancy head Dmitry Rylko told an agricultural investors conference.

Rylko said the situation in Volgograd and Saratov regions, Russia's forth and sixth largest grain producing regions, was particularly difficult.

Kirill Yershov, head of Aeon Agro, which cultivates over 240,000 hectares in Russia's Penza and Saratov regions, said that "there will be problems" with the wheat harvest next year.

https://reuters.com/

Source: Reuters | #grain | Comments: 0 Views: 22

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