The Russian wheat output estimate was cut to 39 million to 41 million metric tons due to drought, according to Moscow-based researcher SovEcon.
That’s down from an earlier forecast for 40.5 million to 42.5 million tons, Andrei Sizov Jr., the consultancy’s managing director, said in Moscow by phone today. The grain crop estimate was revised to 71 million to 72.5 million tons from 70 million to 74 million tons earlier this month, he said.
As the grain harvest continues in the Ural and Siberian areas, it appears less likely that Russia will reap as much as the 41.5 million tons of wheat it did in 2010, when it had the worst drought in at least half a century, SovEcon said in a report on its website.
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