Grain Harvest to Increase

Dec 19, 2012 — 23:00
Dec 19, 2012 — 23:00

Russia, one of the world's top wheat exporters, is expected to increase its 2013 winter grain harvest by 32 percent, year-on-year, giving it some room to maneuver should domestic or export demand fluctuate.

The country is expected to harvest 38.6 million tons of winter grain next year with an expected average yield of 2.7 tons per hectare, the same as the last five years, the Agriculture Ministry said on Wednesday.

Russia, historically the world's third-largest wheat exporter, was hit by unfavorable weather during winter and by drought in spring this year, severely depleting grain stocks, sending domestic wheat prices to record highs and raising fears of a spring deficit.

In 2012, Russia's winter grain crop only reached 29.2 million tons compared with 39.5 million tons the year before, a spokesman for the ministry told Reuters.

(Reuters)

Dancing Bears and Trump Pancakes: Russians Celebrate Maslenitsa

Maslenitsa is a traditional Russian folk festival with pagan roots that celebrates the end of winter and the beginning of spring.

see more

Russia Eyes Reforms to 13% Flat Income Tax

A tax reform under discussion in Russia's state ministries may erode Russia's famed 13 percent flat income tax.

Moscow Restaurants: News and Openings

From a restaurant with a view on the 52nd floor ...

Russia Eyes Reforms to 13% Flat Income Tax

A tax reform under discussion in Russia's state ministries may erode Russia's famed 13 percent flat income tax.