March 18, 2013
Russia to see 89 million tonnes of grain crop in 2013/14
Russia's grain crop is expected to be as much as 89 million tonnes in 2013/14 due to winter grains, a major part of overall crops, being in "relatively good" condition, SovEcon said.
SovEcon raised its forecast to 84 - 89 million tonnes from 80 - 87 million tonnes, Andrey Sizov Jr., SovEcon's managing director, said.
Winter grain losses are seen at about 9%, compared with an average 9.5%, SovEcon said.
Russia's grain crop fell by about 25% on-year to 70.9 million tonnes in 2012-13 due to drought, according to the state statistics data.
The country's grain exports are expected to fall to 15 million tonnes in the season ending June 30, from 28 million tonnes in 2011-12, Sizov Jr. said.
