The Russian government has unexpectedly released from quotas some fertilizers - nitrogen and potassium. Last week, it extended fertilizer export quotas until end of 2022, opening export window in June
According to the forecast of the Ukrainian Grain Association, the grain production in Ukraine will reach 66.5 million tons in 2022 obtained from 18.8 million hectares.
FranceAgriMer reports that as of 23.05.2022, 69% of winter wheat crops are in good and excellent condition in France (73% a week earlier and 80% a year earlier).
As of May 23, 2022, the sowing campaign of spring crops in Ukraine has been completed on 12,253 million hectares (72.4% of last season), including spring cereals areas of 5.719 million hectares (76.7%).
According to data from FranceAgriMer, as of 16.05.2022, 73% of winter wheat crops are in good and excellent condition in France (82% a week earlier and 79% a year earlier).
As of 19.05.2022, the sowing of spring crops in Ukraine was carried out on 11.845 million hectares, which is 70% of the previous year, including 5.6 million hectares of spring cereals (75%).
SovEcon has raised its forecast for the wheat production in Russia in 2022/23 to 88.6 million tons (+1.2 compared to the previous estimate and 76 in 2021/22) given the excellent condition of crops.
According to ICAR's forecast, the grain production in Russia will be 130.5 million tons in 2022, including a wheat production of 85 million tons (+9 compared to 2021/22).
