Russian Harvest Latest
The Russian Ministry say that the 2009 grain harvest stood at 70.8 MMT as of Sept 8th off 28 million hectares, averaging 2.53 MT/ha.
The wheat harvest as of Sept 8th stood at 45 MMT and the barley harvest at 15 MMT, they say. Progress is around 10-14 days behind last year.
So far so good, now it starts to get confusing....
There's still around 19 million hectares left to harvest they say, if that yields 2.5 MT/ha then we have another 47.5 MMT still standing in the fields, making for a total crop of 118 MMT, 10 MMT more than last year.
The ministry's official estimate is still only 85 MMT, although they did concede a few days ago that production might come in 9-14% higher than this. A 14% increase would give us 97 MMT.
It will be remembered that the ministry consistently under-estimated the size of last years crop by some significant magnitude.
SovEcon say that this season's grain crop will be 94-98 MMT, and that wheat will make up 60 MMT of that.
The wheat harvest as of Sept 8th stood at 45 MMT and the barley harvest at 15 MMT, they say. Progress is around 10-14 days behind last year.
So far so good, now it starts to get confusing....
There's still around 19 million hectares left to harvest they say, if that yields 2.5 MT/ha then we have another 47.5 MMT still standing in the fields, making for a total crop of 118 MMT, 10 MMT more than last year.
The ministry's official estimate is still only 85 MMT, although they did concede a few days ago that production might come in 9-14% higher than this. A 14% increase would give us 97 MMT.
It will be remembered that the ministry consistently under-estimated the size of last years crop by some significant magnitude.
SovEcon say that this season's grain crop will be 94-98 MMT, and that wheat will make up 60 MMT of that.