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FAS/Moscow increased post’s July 2015 grain production forecast by 5 million metric tons (MMT) to 102 MMT. The grain crop forecast includes 60.5 MMT of wheat (4.5 MMT higher than the July forecast)...
On October 5, 2015, the Russian Minister of Agriculture increased the level of prices for 2015 grain crop purchases to the State Intervention Fund and made wheat prices equal for all federal districts
2015 corn production is forecast to be 7.3 MMT less than the 2014 harvest. MY 2015/16 corn exports are forecast at 12.5 MMT; down from 19.4 MMT in MY 2014/15.
The Russian Government amended the formula for calculation of the floating wheat export duty that was in force since July 1, 2015.