Russian Ministry of Agriculture Reacts to Frost, Maintains Export and Harvest Forecasts

Federal Emergency Mode: The Russian Ministry of Agriculture plans to introduce a federal emergency mode due to unusual May frosts.

• Regions Affected: Emergency mode has already been declared in 10 regions, affecting crops across 23 regions.

• Insurance Payments: Agricultural enterprises in Tambov and Voronezh have started receiving insurance for frost-damaged crops.

• Export and Harvest Forecasts: Despite the frost and dry conditions in southern regions, the Ministry does not plan to revise the grain harvest and export forecasts for this year.

• Current Forecast: The forecast for this year's grain harvest remains at 132 million tons, despite last year’s harvest of 144.9 million tons.

Conclusion: The article highlights the resilience of the Russian grain market projections amidst significant weather challenges, with no changes planned for the current year’s harvest and export forecasts despite the adverse conditions.

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