Russia's Institute for Agricultural Market Studies (IKAR) has cut its annual winter wheat estimate by around 9% after cold weather and snow delayed planting in central areas and the Volga valley. Apr 25 2018, 9:30 AMApr 26 2018, 9:59 AMApril 25 2018, 9:30 AMApril 26 2018, 9:59 AM The IKA said on Monday that it had reduced its forecast to a range of between -10% and +15% from last month's forecast. Despite IKAR's reservations, Russia's wheat harvest is still expected to be one of the biggest on record, with analysts looking to improved weather conditions in the south to boost the total.
Russia's Institute for Agricultural Market Studies (IKAR) has cut its annual winter wheat estimate by around 9% after cold weather and snow delayed planting in central areas and the Volga valley. The IKA said on Monday that it had reduced its forecast to a range of between -10% and +15% from last month's forecast. Despite IKAR's reservations, Russia's wheat harvest is still expected to be one of the biggest on record, with analysts looking to improved weather conditions in the south to boost the total.