USDA lowers forecast for Russian coarse grain production in current farm year to 35.6 million tonnes from 36.1 million tonnes; exports projected to total 5.9 million tonnes, down from previous projection of 6.4 million tonnes
August 13, 2013
(Interfax Information Services)
– The U.S. Department of Agriculture (USDA) substantially lowered its forecast for the coarse grain harvest in Russia and exports of that commodity in the current farm year (July 20130-June 2014), the USDA said in its August World Agricultural Production report.
The report forecasts that coarse grain production in Russia will total 35.6 million tonnes in the current agricultural year, down from the forecast of 36.1 million tonnes in the July report.
Coarse grain exports are projected to total 5.91 million tonnes, down from 6.41 million tonnes. It also forecasts that coarse grain inventories as of July 1, 2014 will equal 2.17 million tonnes, down from 2.27 million tonnes.
For wheat the main forecast indicators remain at the level of the July report, except for agriculture year-end inventories, which has been lowered to 6.17 million tonnes from 6.27 million tonnes. The forecast for wheat production in Russia remains at 54 million tonnes in the current farm year, with exports totaling 17 million tonnes.
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