Key Market Indicators
Russian grain production is projected to hit approximately 138 million metric tons by 2028, up from about 127 million metric tons in 2023. This represents an average annual growth rate of 1.3%. Since 1997, the nation's grain supply has shown a steady increase, averaging a 2.9% rise per year. In 2023, Russia held the fifth spot in global grain production rankings. Brazil, overtaking Russia, produced around 127 million metric tons. The leading producers in this ranking were the United States, India, and Brazil, holding the second, third, and fourth positions, respectively.
