IGC raises forecast for exports of Russian wheat by 200,000 tonnes to 44.4 mln tonnes this season

MOSCOW. Feb 20 (Interfax) - The International Grains Council (IGC) in its February overview has raised the forecast for exports of Russian wheat by 200,000 tonnes to 44.4 million tonnes in the current agricultural season from July 2025 to June 2026.

The IGC has retained the forecast for exports of wheat from the European Union, Russia's main competitor, at 31.3 million tonnes.

The Russian wheat harvest estimate is unchanged at 87.6 million tonnes from January.

The IGC has lowered the outlook for total grain exports from Russia to 51.1 million tonnes from 51.8 million tonnes and projects the country's grain harvest at 126.8 million tonnes versus 126.5 million tonnes in the January forecast.

The IGC has lowered the forecast for the global wheat harvest to 841.7 million tonnes from 842 million tonnes in the January outlook and the total grain harvest to around 2.46 billion tonnes from 2.461 billion tonnes.