June 12, 2012

 

Russian wheat yield seen to decline by 4%

 

 

Russia's wheat crop may slide 4% to 54 million tonnes in the new agricultural year which begins on July 1, 2012 and ends on June 30, 2013, against 56.231 million tonnes during the same period in 2011-12 due to inadequate rainfall in the major producing belts of the country.

 

Krasnodar, Stavropol and Rostov in southern Russia which account for most of the country's exports have carried on being relatively dry which has hampered the output of wheat.
 

Last month, the department had stated that it has anticipated that the harvest of Russian wheat will decline to the level of 56 million tonnes only.

 

Monitoring Agricultural Resources body said, "The yield potential for the harvest in southern Russia, could quickly diminish further if plentiful rains don't fall soon".

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