Russia may harvest a larger grain crop in the new season, 95-100 million metric tons, compared to 92 million metric tons in the harvest just finished. Sharply higher plantings of winter grains boosts the outlook. The first look at the new crop potential in 2011-12 comes from Andrey Sisov Sr, chief economist and CEO of SovEcon, the respected analysis firm based in Moscow.
Mr. Sisov predicts 45.5 million metric tons of winter grains in the 2011-12 season comprised of 39.5 million tonnes of winter wheat, the remainder mostly rye. This would be 14% higher than last seaon. The planted area of winter grains a year ago was unusually small, so the increased sowings represent a return to normal... subscribers continue to full story...