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Will there be less grain and oilseeds on the market?

17.04.2024
Will there be less grain and oilseeds on the market?

The Ministry of Agriculture of the Russian Federation predicts a reduction in the gross harvest of grain crops this year by 12.9 million tons, World of NAN reports.

Thus, this year, the neighboring country plans to harvest 132 million tons of cereals. It is also expected to reduce the production of oilseeds - from 29.9 million tons to 28 million tons and sugar beet - from 53.1 million tons to 47 million tons.

At the same time, the country plans to increase production in animal husbandry by 2.2% compared to last year's figure.

In general, agricultural production in Russia in 2024 compared to 2023 will decrease by 2.9%. One of the reasons for the reduction in production the Ministry calls the high base from 2023.


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