Russia's AgMin confirms grain export forecast of 50 mln t for this season

MOSCOW. Oct 24 (Interfax) - Russia's Agriculture Ministry has confirmed its forecast that grain exports will total 50 million tonnes in the current crop year, which runs from July 2025 to June 2026.

This year's harvest will enable the country to ship about 50 million tonnes of grain to foreign markets in the current season, the ministry said in a press release.

Agriculture Minister Oksana Lut said at a meeting with the president in mid-October that Russia's export potential for grain in the current crop year was estimated at 50 million tonnes.

"We expect that in the season of the 2025/26 crop year we will be able to ship about 50 million tonnes to the foreign market taking into account carryover balances," Lut said at the time, responding to a question from the president.

Russia exported 53 million tonnes of grain in the 2024/2025 crop year, including 44 million tonnes of wheat.