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IKAR in Mass Media

Russian grain crop down 38 pct so far -Dep AgMin

10 сентября 2010 года

ST PETERSBURG, Russia, Aug 23 (Reuters) - Russia has enough grain to cover its needs after harvesting 38 percent less in 2010, a senior official said on Monday, but his data indicated the former exporter is likely to import millions of tonnes.

Russia, which had been the world's third-largest wheat exporter, was hit by a severe drought in many producing regions that destroyed large parts of its crop and raised the issue of imports.

Analysts have estimated its imports at 1.5-2 million tonnes, while a report in Vedomosti daily said Russia could import at least 5 million tonnes. . An Agriculture Ministry spokesman has denied the report.

Deputy Agriculture Minister Alexander Petrikov said Russia had harvested 40.3 million tonnes of grain by bunker weight by Aug. 19.

He said grains had been harvested from 19.3 million hectares, or 48 percent of the sown area. Average yields fell to 2.08 tonnes per hectare from 2.69 tonnes per hectare on Aug. 19 2009.

Bunker weight is normally 7-8 percent higher than clean weight obtained after grain is cleaned and dried. But the difference may be lower in hot and dry years like this one.

Final crop outcome is calculated by clean weight.

IMPORTS ARE LIKELY

Petrikov said that Russia had sufficient grain to cover its needs.

"I must say that Russia's domestic needs are 77 million tonnes," Petrikov said. "With stocks of some 23 million tonnes and intervention stocks of 9.5 million tonnes, this will more than cover domestic needs.

Petrikov confirmed the ministry's 2010 crop forecast of 65-67 million tonnes by an optimistic scenario and 60 million tonnes by a pessimistic one.

However the country's carry-over stocks, which had been previously estimated by the state statistics office Rosstat at 21.7 million tonnes and by the Agriculture Ministry at 24 million tonnes as of July 1, already include the 9.5 million tonnes of intervention stocks.

With a crop of 60 million tonnes, carryover stocks of 23 million and consumption of 77 million tonnes, as well as 3.6 million tonnes already exported, according to IKAR analysts , Russia will be left with carryover stocks of just 2.4 million tonnes by the end of the current crop year on June 30, 2011.

Taking into account the need to allocate some 11-12 million tonnes for winter sowing due to start in August, Russia appears unable to do without imports.

Analysts have said Kazakhstan and Ukraine may provide some grain to Russia.

The Russian province of Tatarstan has already asked to buy up to 0.5 million tonnes of grain in Belarus.

But Belarus Agriculture Minister Mikhail Rusy told reporters in St Petersburg that Minsk, which harvested less grain than last year, may provide a more modest volume.

"If there are requests, we will examine them. We may provide grain for seeding. Some 100,000-200,000 tonnes," Rusy said.

Source: Reuters  |  #grain   |  Comments: 0   Views: 46

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