Russian grain: Forecasts down
Posted: July 16th, 2012 | Author: Pascal Blanc | Filed under: Agricultural, Commodities | Tags: grain, russia | 3 Comments »
2012 Russian grain harvest is now estimated at less than 80 million tons by the National Union of grain producers as of July 12. Forecast is down again, since in June, the Department of Agriculture announced a harvest of 85 million tonnes, down from 94.2 million tonnes last year.
Pouring rains in the south, especially at the beginning of July, and severe thunderstorms are the reasons for this adjustment.
Supply inside Russia is not threatened as demand is estimated to 73 million tonnes, however Russia‘s important role on the world grain market may be impacted.
Related posts:
- Wheat forecasts down
- Higher Grain Prices Start Pinching Consumers; USDA Expects Food Prices to Jump – WSJ.com
- Grain Prices Soar as U.S. Slashes Outlook – WSJ.com
- Grain Prices Up Again as U.S. Slashes Outlook – WSJ.com
- Wheat prices are soaring again
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