Page 69 - Russia OUTLOOK 2024

• 5.2 Agriculture
Russian grain farmers are anticipating a potentially record-breaking harvest during the current agriculture season of over 150mn tonnes of grain, according to Arkady Zlochevsky, the president of the Russian Grain Union, speaking on November 13. (chart)
Zlochevsky expressed optimism about the grain harvest this season, which runs from July 1, 2023 to June 30, 2024. He said the association expects the gross yield this year will amount to 145mn tonnes, excluding any contributions from new territories.
According to earlier reports, Russian farmers have already harvested 147mn tonnes of grain as of November 7, including the new territories in Ukraine, with the export potential for the 2023-2024 agricultural season standing at 65mn tonnes, First Deputy Agriculture Minister Oksana Lut said on November 8.
The export potential in the current agricultural season stands at 65mn tonnes of grain, Lut said. The export quota for 2024, which the government will impose on February 15, stands at 24mn tonnes, including the preferences for the new territories, she said.
The outlook for the 2024/25 grain season, which starts on July 1, 2024, is also excellent. Russia is regularly harvesting more than 134mn tonnes – the previous Soviet high set in 1958 – thanks to heavy investment by the state. The Russian harvest has also been increased by the new lands it annexed in Ukraine.
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