Economy

Russia Set to Export 57 Million Tons of Grain This Agricultural Season

Russia aims to export a total of 57 million tons of grain during the ongoing agricultural season from July 2024 to June 2025, according to Agriculture Minister Oksana Lut. Speaking at the Russian Agriculture Summit in Moscow, Lut highlighted that despite challenges such as drought and floods, the country managed to harvest 128 million tons of grain last year, marking the fifth-largest grain harvest in Russia’s history.

Lut noted that in the first half of the current season, Russia had already exported 37 million tons of grain. The country remains a major global grain supplier, with its export figures reflecting stable agricultural output. However, this season’s projected 57 million tons of exports is lower than the previous season’s total of 72 million tons, indicating a possible impact of climatic and logistical factors.

Despite these fluctuations, Russia continues to maintain a strong presence in the global grain market. The government’s agricultural policies, combined with technological advancements in farming, are expected to support production and export levels in the coming years. Moscow’s commitment to ensuring food security for its partners remains a key priority in its trade strategy.

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