German Grain Harvest Slumps With Russia’s Over Weather

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Germany, the European Union’s second-biggest wheat grower, will likely follow Russia in reporting a slump in grain harvests this year after crops were stricken by both drought and flooding, a farmers group said.

Grain harvests will fall to 43.9 million tons in 2010 from 49.7 million tons last year, the DBV German Farmers Association said today in an e-mailed statement. Prices for some grains have increased, including wheat for making bread, which has risen to 181 euros ($230) a ton from 107 euros in March.