Russian Grain Crop Forecast Raised by SovEcon to 89 Million Tons

Russia’s 2013-14 grain crop is expected to be as much as 89 million metric tons because winter grains, which make up most of the total crop, are in “relatively good” condition, SovEcon said.

SovEcon raised its forecast to 84 million to 89 million tons from 80 million to 87 million tons, Andrey Sizov Jr., Moscow-based agricultural consultancy SovEcon’s managing director, said by e-mail today.

Winter grain losses are seen at about 9 percent, compared with an average 9.5 percent, SovEcon said.

Russia’s grain crop fell by about 25 percent year-on-year to 70.9 million tons in 2012-13 due to drought, according to the state statistics data.

The country’s grain exports are expected to fall to 15 million tons in the season ending June 30, from 28 million tons in 2011-12, Sizov Jr. said.

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