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Russia’s 2019/20 wheat production forecast at 67m mt: minister

Russia’s 2019/20 wheat production will come in at around 67 million mt at its current trajectory, which would be a fall of about 4% from last year’s output, the country’s agriculture minister said in a meeting Monday.

“We will probably have about 108-110 million mt (of grain) … We plan to collect around 67 million mt of wheat,” Minister of Agriculture, Dmitry Patrushev, told President Vladimir Putin in a meeting transcript released by the Kremlin on Monday.

When asked about the target for the 2018/19 season’s exports, Patrushev estimated total grain exports of 42 million mt with wheat contributing 36 million mt.

Patrushev stressed the goal of becoming an exporter of “high quality wheat”.

The meeting comes on the same day Russia’s agriculture ministry was due to publish its weekly grain export figures, although it was yet to publish at the time of writing.

The pace of wheat exports this marketing year has been controversial, with the government looking at informal ways of slowing sales that have raced ahead despite output falling by about 20% year-on-year.

The most recent data, published a week ago, put wheat exports 11% higher year-on-year at 25.3 million mt.

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