IKAR Boosts Russia's 2025 Wheat Production Forecast by 0.6%

IKAR, a Russian consulting firm, has revised its forecast for the country's wheat production in 2025, increasing the estimate from 85.5 million metric tons to 86 million metric tons. This adjustment is primarily due to improved yield levels in the central and Volga regions. However, the firm noted that adverse weather conditions during the harvest period in Siberia pose a risk, although this factor was not included in the current forecast.

The firm also raised its projection for Russia's wheat exports in 2025, from 42.5 million metric tons to 43 million metric tons. Additionally, IKAR increased its forecast for Russia's total grain production in 2025, from 132 million metric tons to 132.8 million metric tons, and its grain export projection, from 54.5 million metric tons to 55 million metric tons. These revisions reflect a positive outlook for Russia's agricultural sector, driven by favorable growing conditions and enhanced farming practices.

Russia's agricultural sector is expected to benefit from these increased production levels, further solidifying the country's position as a major global wheat exporter. This could potentially influence international grain markets and trade dynamics. The revised forecasts highlight the significance of Russia's agricultural sector in the global economy, as the country continues to play a crucial role in meeting global demand for wheat and other grains.

Currently, Russia has already harvested over 85 million metric tons of grain, with wheat production reaching 64 million metric tons. The government maintains its official estimate for the country's total grain production at 135 million metric tons. These figures underscore Russia's substantial contribution to global grain supplies and its importance in the international agricultural market.