Black Sea Wheat Crop is to Exceed 110 MMT in 2022 – SovEcon
Russian and Ukrainian farmers are expected to harvest 110.4 MMT of wheat in 2022, 2.6 MMT more than previously forecast by Black Sea region ag consulting firm SovEcon.
For Russia, SovEcon increased its crop estimate by 600,000 MT to 81.3 MMT, as favorable crop conditions are expected to more than offset a 900,000 hectare drop in seeded area.
For Ukraine, the firm upped its estimate by 2.0 MMT to 29.1 MMT. Farmers were able to plant a record 7.0 million hectares to winter wheat, an increase of 100,000 acres from 2020.
The two countries produced a combined 107.3 MMT of wheat in 2021, with Russia harvesting 75.4 MMT and Ukraine producing 31.9 MMT, according to the firm’s estimates.
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