Sovecon raises Russian wheat export forecast for 2022/23


MOSCOWDec 30 – Sovecon, a leading firm in the Black Sea grain industry, said on Friday it had raised its forecast for Russian wheat exports for the 2022/23 season by 200,000 tonnes to 44.1 million tonnes.

Sovecon expects record or near-record monthly export volumes in the second half of the July-June season.

Shipments from Russia will be supported by relatively high world prices, a weakening ruble and pressure from record stocks in the domestic market.



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