Russia harvest forecasts cut as drought hits crop in east

Posted by Reuters: Polina Devitt on August 20th, 2012
Reuters: Two leading Russian agricultural analysts cut their forecasts for Russia's grain harvest on Monday after harvest data from two drought-stricken eastern growing regions reduced the outlook for the overall crop. SovEcon narrowed their grain forecast to 71-72.5 million metric tons (78.3- 79.9 million tons)from a previous 70-74 million tonnes after the start of harvesting campaign in Urals and Siberia regions showed weak crop prospects. It has also cut wheat harvest forecast to 39-41 million tonnes......

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