Favourable weather ahead of spring grain sowing in Black Sea producers Russia and Ukraine is bolstering the chances of another large harvest due to good levels of soil moisture, analysts and industry officials said. Active spring grain sowing in Russia and Ukraine, major global exporters of the foodstuff, is expected to start later than last year due to a delayed spring and deep snow cover.
Farmers in Russia plan to sow spring grains on 31.0 million hectares in 2018, down 0.4 percent from a year earlier, and are expected to benefit from healthy supplies of fertiliser. Russian farmers have bought 30 percent more fertiliser than a year ago so far due to lower prices for crop nutrients, Russian Agriculture Minister Alexander Tkachev told a weekly government meeting on Thursday.
The country harvested a record grain crop of 135 million tonnes in 2017 when the weather was particularly good, and, according to Tkachev, may harvest more than 110 million tonnes this year if conditions remain favourable. The late start for spring grain sowing in Russia and Ukraine is unlikely to affect the crop, analysts said.
However, farmers in Russia have fewer funds for the sowing campaign this year and this could affect crop yields, said Arkady Zlochevsky, the head of Russia's Grain Union, a non-governmental farm lobby.
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