Kazakh Harvest Not As Bad As Feared Say Ministry

The harvest in Kazakhstan appears to have got off more lightly than neighbouring drought-hit Russia this year. The Ag Ministry say that the country will harvest 16 MMT of grain this year, 20% down on last season, but significantly better than the 13.5 MMT that was being predicted a month or two ago. They estimate that the country will still be able to export 8 MMT of grain in 2010/11. Wheat typically accounts for around 80% of the Kazakh harvest, implying a crop of 12.8 MMT this season, some 1.3 MMT more than the USDA's latest estimate. Of course, they could be lying.