Per latest data released by Rosstat, Russian gross grain harvest in 2021 amounted to 121.4 MMT in net weight, while in December it was estimated at 120.66 MMT.
The result is 9% lower than in 2020, when 133.5 MMT were harvested.
Corn is increased from December 14.6 MMT to 15.2 MMT.
Wheat increased from 75.9 MMT to 76 MMT.
Barley – from 17.98 MMT to 18 MMT.
Meantime, according to the Interfax news agency quoting an executive of state-controlled United Grain CompanyRussia’s, grain intervention fund plans to buy 1.2 million tonnes this year.
It reported no details such as how much wheat would be in the planned purchases.
Meantime, the Russian agriculture ministry has amended the export tax for wheat, barley and corn for the week of February 16-23, 2022, will be $92.8 on wheat, $74.1 on barley and $52.7 on corn.
Indicative prices will be $332.7 for wheat, $290.9 for barley and $260.3 for corn.
That is compared, with prior week (Feb 09-15) when the tax was $93.2 for wheat, $73.3 for barley and $52.7 for corn, while indicative price were $333.2 for wheat, $289.8 for barley and $260.4 for corn.
