Kazakh drought signals alarm for grain crop ( Tuesday 07/17/2012 ).

Discussion in 'Commodity Futures' started by kanellop, Jul 17, 2012.

  1. kanellop


    Hello to All.

    Exist the following News:


    Kazakh drought signals alarm for grain crop

    YESIL-AGRO FARM, Kazakhstan, July 17 (Reuters) - Kazakhstan
    is preparing for a below-average grain crop this year due to
    an "alarming" drought in the Central Asian country's main graingrowingregions,
    Deputy Agriculture Minister Muslim Umiryayevsaid on Tuesday.

    While reiterating the ministry's latest 2012 crop forecast of 14 million tonnes,
    a decline of 48 percent on last year's post-Soviet record,
    Umiryayev said hot and dry weather conditions in northern regions were giving cause for concern.

    "The situation is alarming,"
    he told reporters at the Yesil-Agro farm north of the Kazakh capital Astana.
    "Our main graingrowing regions will not have the record crop of last year."

    Kazakhstan, one of the world's ten-largest wheat exporters,
    harvested 27 million tonnes of grain last year,
    its biggest crop in 20 years of independence from the Soviet Union.


    Kind Regards,

    George Kanellopoulos.