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Russia's IKAR cuts forecast for 2018 Russian grain crop

Reuters, 28.08.18

MOSCOW, Aug 28 (Reuters) - IKAR, one of the leading agriculture consultancies in Moscow, on Tuesday downgraded its forecast for Russia's 2018 grain crop to 110 million tonnes from a previously expected 112.8 million tonnes.

∙ Its forecast for Russia's 2018/19 grain exports was cut to 39.8 million tonnes from 41 million tonnes. The estimate for wheat exports was unchanged at 32.5 million tonnes.

∙ Its estimate for wheat output was cut to 69.6 million tonnes from 70.8 million tonnes, with the corn estimate cut by 100,000 tonnes to 11.7 million tonnes.

IKAR's forecast for Russia's 2018 grain crop includes pulses and grain production in the Crimea peninsula.

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