Sovecon cuts forecast for Russia's 2021 wheat crop

MOSCOW: Russian agriculture consultancy Sovecon said on Tuesday it has cut its forecast for Russia's 2021 wheat crop to 75.4 million tonnes from 76.2 million tonnes because of low spring wheat yields.

Russia is the world's largest wheat exporter, supplying it mainly to Africa and the Middle East. It has been hit by dry weather in several regions this year. The Urals and the Volga regions of the country suffered badly due to a very dry and hot summer, Sovecon said in a note, adding that the Urals may harvest the lowest crop since 2012 and the Volga since 2014.