Russia Harvests Over 100M Tons of Grain
Russian farmers harvested over 100 million tons of grain from 27.9 million hectares, a 12.5% increase from last year, with ongoing sowing of winter crops and discussions about a potential moratorium on floating export duties.
Consensus
- Russia has harvested more than 100 million tons of grain.
- The harvest area is 27.9 million hectares.
- The harvest is 12.5% higher than last year.
- Winter crop sowing is proceeding at a faster pace than last year.
- 482,700 hectares of winter crops have been sown.
- The sowing area is 125,300 hectares larger than last year.
- The harvest is sufficient to fully meet domestic demand.
- The Ministry of Agriculture attributes the increase to modern agricultural technologies, seed advancements, fertilizers, plant protection products, and digital solutions.
- The Ministry of Agriculture is considering a moratorium on floating export duties on wheat, barley, and corn by the end of 2026.
- Floating export duties have been in effect since 2021 and are calculated based on contracts registered on the Moscow Exchange.
- The mechanism was introduced to stabilize the domestic market by redirecting part of export revenues to support farmers.
Points of divergence
- The floating export duty mechanism currently takes about 7% of grain value, according to market participants. — vedomosti
- The Ministry of Agriculture is discussing the moratorium on floating export duties due to export difficulties through the Azov-Black Sea basin ports. — vedomosti
Coverage (3 sources)
- Ministry of Agriculture: Russia has gathered more than 100 million tons of grain — Ведомости
- In Russia, more than 100 million tons of grain have already been gathered — Вести
- Sowing of winter crops in Russia is proceeding ahead of last year's pace — Интерфакс