Bloomberg News

Russian Crop Yield Seen Declining to 1.82 Tons a Hectare

July 30, 2012

Average crop yields in Russia, the world’s third biggest wheat exporter, are seen falling to 1.82 metric tons a hectare (2.5 acres) from 2.16 tons last year because of drought, said ProZerno, a Moscow-based consultancy.

The estimated yields are for the total area sown, which includes fields where crops were completely lost, Vladimir Petrichenko, ProZerno’s director, said by phone today.

Drought this month in the Urals area and Siberia made ProZerno lower its crop forecasts, he said. Russian farmers will harvest 81 million to 82 million tons of grains, down from a May estimate of 93.2 million tons.

ProZerno lowered its forecast for the country’s wheat crop to 44 million to 45 million tons, from a May estimate of 54.2 million tons.

Russia shipped 21.3 million tons of wheat in the last season that ended June 30, according to the U.S. Department of Agriculture. The country is seen falling to fifth place this season with 12 million tons of exports because of the drought damage. That would place the country after the U.S., Australia, Canada and the European Union, according to USDA.

Wheat for September delivery rose 1.7 percent to $9.1325 on the Chicago Board of Trade by 6:23 p.m. Moscow time. It’s advanced 40 percent so far this year.

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

To contact the editor responsible for this story: John Deane at jdeane3@bloomberg.net


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