This factor has not affected the sales forecast of wheat, in comparison with the previous month, they grew up and insignificant amount of 180.4 million tonnes.
Due to the drop in production and increased demand, the final reserves are at risk of falling by about 2 million tons, amounting to 288 million tons.
Kazakh grain growers may be pleased that, despite the overall decline in production, the forecast for Kazakh wheat remained unchanged. MSZ still believes that our country in 2020/21 MG is able to produce 12.9 million tons of wheat, which is 1.4 million tons more than last year.
Thus, we will easily ensure domestic consumption of 2.3 million tons of the product and export up to 7.5 million tons, remaining among the world's top wheat exporters.
We will buy outside the country at a minimum, no more than 0.1 million tons.
Final reserves will not increase, but they will not decrease either - the previous 1.1 million tons are projected.
In General, July turned out to be a complete calm for Kazakhstan, with all key indicators showing exactly the same figures as in June. The same cannot be said about Russia, whose market has the greatest influence on us.
The Northern neighbor is experiencing a decline in production indicators. Due to the expectation of a dry summer in a number of regions of the Russian Federation, two months ago we saw a decrease in the forecast by 1 million tons. In July, this figure fell by another 1 million tons. Now the total amount of grain produced in 2020/21 MG is estimated at 78 million tons.
At the same time, Russia does not intend to reduce the volume of exports, they will even increase by 1 million tons (up to 37.1)
This, of course, will affect the level of final reserves. The forecast for them in Russia is declining for the second month in a row, having already fallen from 12 to 9 million tons.