MOSCOW, RUSSIA — The deputy head of United Grain Company, the state-controlled trader, said Russia is expected to export between 53 million and 54 million tonnes in the 2023-marketing year, according to a Reuters report.

Russia’s agriculture ministry in September projected grain of exports between 50 million and 60 million tonnes this year.

Russia is forecast to harvest a record wheat crop of more than 90 million tonnes in 2022-23, shattering the previous mark of 85 million tonnes set in 2020-21, according to the Foreign Agricultural Service of the US Department of Agriculture (USDA).

The USDA also anticipates that Russia will set a record in wheat exports at 42 million tonnes, topping the previous record of 41.4 million tonnes set in 2017-18.