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Spain Cuts Forecast for 2012 Corn Crop, Sees Lower Wine Output

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Oct. 15 (Bloomberg) -- Spain’s Agriculture Ministry cut its forecast for 2012 corn production as the growing area was smaller than previously reported.

The corn harvest may climb 2.3 percent to 4.24 million metric tons from 4.15 million tons in 2011, based on the situation at the end of August, the ministry reported on its website today. That’s below a previous outlook for a crop of 4.29 million tons.

Spain had its second-driest summer in 60 years, the ministry’s weather service reported last month. The period from June through to August was the fourth-warmest since 1961, according to the report.

Wine production is estimated at 32.6 million hectoliters (861 million gallons), the ministry wrote. That compares with an estimated 38.6 million hectoliters last year.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

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

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