Russian wheat crop below 47 mln tonnes-Geosys.

Discussion in 'Commodity Futures' started by kanellop, Jul 27, 2012.

  1. kanellop


    Hello Again to All.

    Exist the following News:


    Russian wheat crop below 47 mln tonnes-Geosys

    PARIS, July 26 (Reuters) - Russia's wheat harvest is likely to be below 47 million tonnes this year,
    as drought that has damaged part of its crop is seen cutting yields further in the productive northern region,
    French farm data supplier Geosys said in the lowest forecast to date.
    A Reuters poll of analysts on June 28 put the median wheat crop estimate at 50.5 million tonnes with the lowest forecast,
    by Russia's farm ministry,
    at 47.5 million tonnes.
    "In addition to the drought in the South,
    the potential in the North is lower than in 2011 which makes us think that USDA's forecast of 49 million is not quite right,"
    Geosys crop analyst Franck Lonca told Reuters in an interview on Thursday.


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    Kind Regards,

    George Kanellopoulos.