December 5, 2023 7:37 pm

Deputy PM reports another huge grain harvest expected in Russia – RT Business.

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Russian farmers are set to achieve their second-largest grain harvest ever this year, following a great crop in the previous agricultural season, according to Deputy Prime Minister Viktoria Abramchenko. The country’s grain harvest hit a record high in the 2022-2023 agricultural year, surpassing 150 million tons. Specifically, the wheat harvest reached an impressive 104.4 million tons.

Abramchenko informed reporters that 137 million tons of grain have already been collected, including approximately 90 million tons of wheat. She also expressed confidence that the total grain collection this year will amount to around 140 million tons. Amid Western sanctions, the deputy prime minister stated that Russia will maintain its position as the world’s largest wheat exporter.

Earlier in the month, the Ministry of Agriculture revised its grain harvest forecast for 2023 to 135 million tons in net weight, with 90 million tons being wheat. Previously, the ministry had estimated grain exports for this agricultural season to be around 60 million tons.

In recent years, Russia has emerged as the leading global exporter of grain, propelled by abundant harvests and competitive pricing. Its share of the global wheat market has quadrupled since the early 2000s, and the country is projected to retain its dominant position in the coming years.

The success of Russian grain production has not gone unnoticed, as it presents opportunities for international trade. In line with this, Russia has announced plans to send free grain to Africa, as reported by the country’s agriculture minister. This move aims to strengthen ties with various African nations and enhance cooperation in the agricultural sector.

Russia’s booming grain industry is a testament to the country’s agricultural prowess, showcasing its ability to play a significant role in global food supply chains. Despite facing political challenges in the form of Western sanctions, the nation’s farmers have continued to achieve remarkable results, solidifying Russia’s position as a key player in the grain market.

The positive outlook for Russian agriculture is expected to have a ripple effect on the nation’s economy. With a strong agricultural sector, Russia can generate increased employment opportunities and contribute to overall economic growth. By maintaining its position as the largest wheat exporter, Russia can secure valuable foreign exchange earnings and mitigate the impact of geopolitical tensions.

In conclusion, Russian farmers are on track to achieve their second-largest grain harvest ever this year, sustaining their position as the world’s leading wheat exporter. Despite facing Western sanctions, Russia’s agricultural sector has demonstrated resilience and productivity, contributing to global food security and promoting international trade. As the country continues to excel in grain production, the future looks promising for both the Russian economy and the global agricultural industry.

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Original Source: Deputy PM reports another huge grain harvest expected in Russia – RT Business.

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