The grain harvest in Russia may reach more than 140 million tons by the end of 2022. This figure should be a record, quotes the words of the head of the Russian Grain Union (RGU) Arkady Zlochevsky TASS.
“Even if we subtract all the maximum possible postscripts, we still have a historical record for the harvest – it is by no means less than 140-odd million tons,” Zlochevsky said.
He recalled that the previous record grain harvest in the amount of 135.4 million tons was obtained in Russia in 2017. However, such high values may have negative consequences for the market.
“But we have quite serious and significant consequences from this harvest: domestic prices have fallen to an absolutely unacceptable level and are now at the cost price level. For this reason, the peasants are not ready to sell and transport grain to warehouses, to elevators, they store it in barns, waiting for better times,” Zlochevsky explained.
For this reason, the main measure to support Russian grain producers will be an increase in export performance. However, this is still hindered by international sanctions, he noted.