According to the recent Russian State Statistical Service's data, Russia harvested 112.5 million tonnes of grain by the beginning of November 2008. Russia's total grain production forecast was increased by 2.1 million tonnes to 102.5 million tonnes, the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service (FAS) recently said. The forecast includes 62.5 million tonnes of wheat, 22 million tonnes of barley, 6.2 million tonnes of corn (maize), 4.2 million tonnes of rye, 4.7 million tonnes of oats, 500,000 tonnes of millet and 708,000 tonnes of rice.
The FAS forecasts for wheat, barley, corn, rye and oats were slightly lower than official USDA forecasts, because of the increased gap between the bunker and the clean weight caused by inadequate storing of grain on farms shortly after the harvest. Russia's official data on grain crop has not been released yet.
Logistics, financial problems and tight competition in the foreign markets are expected to limit grain exports to 16.3 million tonnes, including 14 million tonnes of wheat, 2.1 million tonnes of barley, 150,000 tonnes of corn, and 65,000 tonnes of rye and rice. Grain prices remain low in Russia, the FAS noted. Grain traders are lobbying for emergency government measures to support grain exports.
By Nov. 24, 2008, Russia had exported 9.52 million tonnes of grain, including 8.48 million tonnes of wheat and 1.03 million tonnes of barley. From October – November, 2008, traders decreased grain shipments because of logistical problems and shortage of credit resources. The tight competition in the foreign markets and decreased financial resources of importers also limit Russia's exports.
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