Bloomberg News

Russia's Stavropol May Harvest 40% Less Grain on Weather

July 12, 2012

Russia’s Stavropol region, where farmers reaped the country’s second-biggest grain crop last year, may harvest 40 percent less grain this year.

The region’s agriculture ministry lowered its forecast from a previous estimate of a 30 percent loss made last month because of recent rains that followed drought and hampered harvesting, it said today in a statement on its website. Stavropol harvested 8.2 million metric tons of cereals last year, or 8.7 percent of the national crop, according to the state statistics data.

Yields in Stavropol vary from 0.5 ton a hectare (2.47 acres) in some fields to 4.3 tons a hectare, the ministry said. The average yield was 3.9 tons last year.

Russia will produce a national grain crop of 87 million tons to 89 million tons this year, while the actual harvest is seen at 85 million tons because factors including rains during harvesting will prevent farmers from reaping the rest, Arkady Zlochevsky, president of the country’s Grain Union, said yesterday at a news conference in Moscow.

The crop will be less than 80 million tons this year, Pavel Skurikhin, president of the Grain Producers’ Union, said today at a news conference in Moscow. Russia harvested 94 million tons of grain last year, according to the state statistics data. Krasnodar was the biggest grain-growing region.

Wheat for September delivery rose 0.7 percent to $8.3225 a bushel on the Chicago Board of Trade by 10:43 a.m. London time.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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