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The Minister of Agriculture of the Russian Federation Dmitry Patrushev said that this year Russia has harvested less crop than in 2021, and the harvesting campaign is held back by rains in some regions. According to Interfax, Patrushev announced this at a meeting of the operational headquarters of the Ministry of Agriculture of Bashkortostan.
Taken together, all this creates risks in terms of achieving a grain harvest of 130 million tons. Of course, we will fully provide our market, there will be no problems with this. However, if the planned volumes are not achieved, export plans of 50 million tons (in this season) we will have to reconsider. And this may have a negative impact on the world grain market.
At the beginning of summer, Russian President Vladimir Putin spokethat Russia has no problems with harvesting and, most likely, the country will be able to supply 50 million tons of grain to world markets. “We have a good harvest. God willing, everything will be fine,” Putin said on June 24.
August 5 “Kommersant” informedthat the Ministry of Agriculture of the Russian Federation called on the regions to prepare for a possible ban on seed imports from the EU and the USA. The agency may ban the import of seeds in response to sanctions. The publication indicates that up to 97% of sugar beet seeds, up to 77% of sunflower, up to 50% of corn, up to 30% of potatoes are imported from abroad.
Russia, along with Ukraine, is one of the largest grain exporters in the world. Exports from Ukraine were stopped after the Russian invasion, after which the UN warned of the threat of a global food crisis. In July, Russia and Ukraine, with the participation of the UN and Turkey, agreed to resume the export of Ukrainian grain through ports on the Black Sea. In early August, the first ships with food left the Ukrainian ports.
- Russia, Ukraine and Turkey have signed an agreement on the export of grain. Now the world is not threatened by famine and a food crisis? And what will happen to prices?