Russia's Sovecon cuts 2019/20 wheat export forecast

MOSCOW: SovEcon, one of the leading agriculture consultancies in Moscow, said on Thursday that it had downgraded its forecast for Russia's wheat exports in the new 2019/20 marketing season which starts on July 1 by 600,000 tonnes to 37.6 million tonnes.

* Its forecast for 2019/20 grain exports was cut by 500,000 tonnes to 48.9 million tonnes.

* Its grain export forecast currently includes 5.2 million tonnes of barley and 4.1 million tonnes of maize (corn).