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Russia’s Agriculture Ministry raises grain harvest estimate to 105 million tons

December 24, 2014, 11:09 UTC+3

ussian farms have also produced over 2.5 million tons of soybeans and over 1.45 million tons of rapeseed, Russian Agriculture Minister Nikolay Fyodorov said

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© ITAR-TASS/Dmitry Rogulin

MOSCOW, December 24. /TASS/. Russia’s gross grain and grain legumes harvest has reached over 105 million tons, Agriculture Minister Nikolay Fyodorov said on Wednesday, citing updated data.

Russian farms have also produced over 2.5 million tons of soybeans and over 1.45 million tons of rapeseed, the minister said.

“These are the maximum results for the entire history of growing these crops in Russia,” the minister said.

Russia’s Agriculture Ministry earlier estimated overall grain harvest at 104 million tons in net weight and gross harvest at 110.8 million tons.

Russia’s grain harvest in 2013 totaled 91.3 million tons in net weight and grain exports in 2013-2014 increased by 62% from the previous marketing period of 2012-2013 to 25.4 million tons.

Russia’s grain exports are expected at 30 million tons in the marketing year of 2014-2015. However, the Russian government’s plans to impose grain export duties to halt rising prices on the domestic market amid a weakening ruble and increasing grain exports by traders to boost their foreign currency earnings may reverse these figures.

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