Russian Harvest Latest

The pace of this year's Russian grain harvest is well behind last year, with only 77.4 MMT gathered so far compared to 97.1 MMT a year ago, according to the Agriculture Ministry.

The wheat harvest to date amounts to 48 MMT, compared to 58.4 MMT a year ago,, and the barley harvest is at 16.5 MMT compared to 22.8 MMT last year.

The slow progress also appears to be having an effect on exports, despite Russia seemingly winning every tender going at the moment. According to preliminary data, in August the volume of grain exports totaled around 1.7-1.8 MMT, down 24-28% compared August 2008. That brings Russian exports for the marketing year starting July 1st to 3.0-3.1 MMT.

Rusagrotrans forecast that the country's grain exports in September will total 1.6-1.8 MMT, which would be down around 40-45% on last year.