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Russia's IKAR cuts 2019 wheat export, crop forecasts

Reuters, 22.07.19

MOSCOW, July 22 (Reuters) - Russia's IKAR agriculture consultancy said on Monday it had lowered its forecast for wheat production for 2019 to 76.1 million tonnes from 77.4 million, and its export forecast to 33.2 million tonnes from 34.2 million tonnes.

The forecasts were cut because of lower than expected final yields across the south of Russia, IKAR said in a statement.

IKAR also said it had cut its grain export forecast for 2019/2020 to 42.5 million tonnes from 43.5 million tonnes.

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