The Ministry of Agriculture of Russia lowered its forecast for grain exports from the country in 2021/22 to 45-48 million tons compared to 51 million tons in the previous estimate.
Given the drought in Russia, winter wheat areas will be reduced compared to 2020. According to SovEcon, the decrease will be within 0.7 - 1.2 million hectares and according to ICAR it will be within 0.5 - 1 million hectares.
According to a private estimate by a Russian analyst, the export of sunseed oil from Russia will reach a record 3.7 million tons in 2021/22, which is 25% more than the previous year.
In 2021/22, the areas sown with the 10 main oilseeds in the world will increase by 7.5 million hectares to 306 million hectares and production is projected to increase by 24.1 million tons.
In its September report, analysts from the IGC forecast a world's corn production in 2021/22 of 1.208 million tons (1.202 in August and 1.127 in 2020/21).
