Nov. 26 (Bloomberg) -- Serbia’s corn output contracted 45 percent this year due to poor weather conditions, while output declines for other winter crops appear to be less severe than originally expected, according to the latest official forecasts.
The Balkan country harvested 3.56 million metric tons of corn this year, or one percentage point more than forecast in September, the Statistics Office said as it published upward revisions to its previous harvest estimates.
Sugar beet production fell by 17.7 percent to 2.32 million tons and sunflower output dropped by 15.9 percent to 363,355 tons. The production of both crops was initially seen falling by 23 percent. Soybean harvest shrank by 33.9 percent, rather than 42.3 percent, to 291,395 tons, the Belgrade-based office said.
Serbia, hit by weeks of drought last summer, banned sugar beet, sunflower and soybean exports in September to protect the local market and avoid excessive price increases.
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