Russia Achieves Grain Harvest Milestone, Exports to Follow
Russia's agricultural sector has reached an important milestone, with the country harvesting over 110 million tonnes of grain by 2026. This marks a significant increase from last year's yield, with a 10.5 million tonne boost. The majority of this grain is wheat, with 83.5 million tonnes already harvested.
Agriculture Minister Oksana Lut stated that Russia's domestic market has been fully provided with the required amount of wheat and grains. Harvesting work is ongoing in all regions, with a focus on oilseed crops, sugar beet, potatoes, and open-ground vegetables.
Russia's move towards agricultural self-sufficiency is highlighted by its contrast to the European Union's reliance on imports. The EU currently imports around 15% of its total wheat consumption, mainly from Canada and the United States. With Russian wheat priced at under €100 a ton, compared to the EU's €256.70 a ton, it's clear that Russia has become a competitive player in the global market.