According to statistics, in 2023 there was both an expansion in production volumes and an increase in exports.

Over the past year, Russian agricultural exports increased by about 12%, this year there are also reasons to expect growth by about 10%.

The US Department of Agriculture in its June forecast adjusted the figures, increasing the expected wheat harvest in Russia by 3.5 million tons.

In the last week, there has been a trend towards a transition to an increase in both domestic and global wheat prices.

This was stated by Prime Minister Mikhail Mishustin at the plenary session of the Eurasian Congress.

According to the US Department of Agriculture, the downpours that took place in China in May could destroy up to 20% of the winter wheat crop.

The Ministry of Agriculture recently advised Russian exporters not to sell wheat on foreign markets for less than $240 per ton. But it is not certain that they will succeed.

From July 1, the Turkish Ministry of Transport decided to increase the fee for passage through the Bosphorus and the Dardanelles by 8%.

As the head of the Ministry of Agriculture Dmitry Patrushev noted, this time it is planned to distribute up to 373 billion rubles of support to agricultural producers, last season it was 425 billion rubles.

In the first 4 months of 2023, the level of production in the agricultural sector increased by 3% compared to the same period last year. But the trend is unlikely to continue.