May 27, 2008

 

Russia sees record wheat harvest in 2008

  
    

Russia is optimistic that the wheat harvest this year will hit a record of 51.5 million tonnes.

 

Vladimir Petrichenko, general director of ProZerno company, said the larger volume of grain harvested in Russia was in 1978 at 62 million tonnes.

 

Russian authorities said the expected record yield is attributed to expanding of the areas under winter wheat sowings, which compensated reduction of the sowing areas during spring 2008.

 

Petrichenko also noted that in current year Russia will receive increased yield of corn due to expanding of the areas under corn and keeping the crop capacity at the level of 2007.

 

In 2008, production of barley in Russia is forecasted by the expert to be at the level of the last year.

 

Petrichenko added that the increase of production volumes cannot stop the grain prices growth in Russia, due to prices hikes for fertilizers and fuel.

 

Russia's export potential in the next season will be around 17 million tonnes of grain, mainly wheat.

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