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Russia’s Stavropol May Have Lost 3 Million Tons of Grains

June 14 (Bloomberg) -- Russia’s Stavropol region may have lost 2.5 million to 3 million metric tons of grain crops due to frost and drought, the local farm ministry said.

The loss is estimated at 17.4 billion rubles ($530 million), the ministry said on its website, citing Anatoly Kutsenko, first deputy agriculture minister. Stavropol’s harvest area this year will decline 111,000 hectares (about 274,300 acres) from a year earlier, Kutsenko said in the statement without giving last year’s reaping area figure.

Stavropol had Russia’s second-biggest regional grain crop last year after gathering 8.2 million tons of cereals, or 8.7 percent of the national harvest, according to state statistics.

Rain is forecast in Stavropol tomorrow and hail on June 16 and June 17, according to Russia’s Federal Hydrometeorological Center.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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