August 29 2003, 11:21

Russia: crop forecast decreased

Against the background of unfavourable weather conditions in the European Part of Russian Federation, the Institute for Agrarian Market Situations (IKAR) has decreased its estimate of the gross grain crop from 64-70 to 62-68 million tonnes. The correction primarily concerns such crops as wheat and rye. The wheat crop estimate is reduced from 37 to 34-35 million tonnes.