Russia's Economy Ministry Predicts Grain Harvest Of 137.5 Mln Tonnes By 2023
Muhammad Irfan Published September 26, 2020 | 09:19 PM
The harvest of grain crops in Russia in 2020 is expected to reach 122.5 million tonnes and continue growing to reach 137.5 million tonnes by 2023, according to the three-year macroeconomic forecast of the Ministry of Economic Development published on Saturday
MOSCOW (UrduPoint News / Sputnik - 26th September, 2020) The harvest of grain crops in Russia in 2020 is expected to reach 122.5 million tonnes and continue growing to reach 137.5 million tonnes by 2023, according to the three-year macroeconomic forecast of the Ministry of Economic Development published on Saturday.
"The gross harvest of grain and leguminous crops in 2020 is expected to amount to 122.5 million tonnes (2019 121.2 million tonnes). In the future, by 2023, grain production will increase to 137.
5 million tonnes due to an increase in yield and sowing area which is 13.5% higher than in 2019," the report reads.
According to the forecast, the harvest of cereals in 2021 may grow by 4 percent compared to the current year, in 2022 by 3.6 percent in annual terms, in 2023 by 4.3 percent.
According to Russian statistics bureau Rosstat, the gross grain harvest in Russian last year was the second highest in the country's post-Soviet history, after only the record-breaking 2017.
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Business
-
Finance minister reviews progress on FBR digitalization
4 hours ago -
US stocks rebound on tech earnings, London hits new record
4 hours ago -
US approves gene therapy treatment for hemophilia
4 hours ago -
KATI president for inclusion of agri sector in tax net
4 hours ago -
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
5 hours ago -
Police to take every step for security of business community: IGP
5 hours ago
-
WB director, Planning minister discuss reforms in development projects
6 hours ago -
IP rights crucial in achieving SDG : Jam Kamal
7 hours ago -
FBR’s data protection efforts commended by OECD assessment team
7 hours ago -
US stocks rebound on tech earnings, London hits new record
8 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
8 hours ago -
SBP to announce monetary policy on April 29
8 hours ago