Russia Wheat Harvest May Be Lower Than 2010, SovEcon Says
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Russia, the world’s third-biggest wheat exporter last season, may harvest less of the cereal than in 2010, when the country had the worst drought in at least a half century and banned exports, SovEcon said.
The wheat crop may drop to 40.2 million to 42.5 million metric tons, Andrei Sizov Jr., SovEcon managing director, said today in an e-mail. That’s down from the Moscow-based researcher’s July 19 forecast of 46.5 million tons. Russia harvested 41.5 million tons in 2010 and 56.2 million tons in 2011, according to state statistics.