Russia’s IKAR cuts wheat crop and export forecasts

MOSCOW, May 21 (Reuters) – Russia’s IKAR agricultural consultancy has cut its forecasts for Russia’s wheat crop to 83.5 million metric tons from 86 million tons and wheat exports to 45 million metric tons from 47 million tons, it said on Tuesday.

IKAR cut Russia’s overall grain crop forecast to 132 million tons from 135 million tons and its total grain exports outlook to 57 million tons from 59.5 million tons.

(Reporting by Reuters; editing by Guy Faulconbridge)

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