Wheat Imports

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Posted by Boris on August 28, 2005 at 02:23:17:

Warm weather boosted Russia's wheat
yields and trimmed crop losses this year, but the quality of the
harvest has suffered, a leading Russian grain analyst said on Tuesday.

Andrei Sizov, managing director of privately owned SovEcon Ltd,
estimated Russia's total wheat production at around 44 million tonnes
compared with 34.9 million in 1996.

The figure matches a recent forecast by the United States Department
of Agriculture.

"Marginal summer losses in plantings combined with the increased
yields have caused an increase in wheat production in most producing
areas, particularly in Povolzhsk (the Volga river basin), the Urals
and eastern Siberia," Sizov told a grain conference hosted by Agra
Europe.

"However, the combination of rains and warm weather has seriously hurt
the quality of the wheat crop, particularly in European Russia," he
said.

Sizov said the low average wheat quality had boosted Russia's imports
in the third quarter despite the sharp increase in volume produced.
Imports rose to 570,000 tonnes from 383,000 tonnes in the
July-September quarter last year.

"However, with increased wheat deliveries from the Urals and western
Siberia, one may expect a decline in milling wheat imports," he said.

Analysts expect Russia to remain a relatively modest wheat buyer on
the world market in coming years, as the former Soviet Union becomes
increasingly self-sufficient.

The International Grains Council, which pegs Russia's 1997 wheat crop
at 42 million tonnes, expects 1997/98 (July/June)

imports from outside the former Soviet Union to come in around 500,000
tonnes, barely changed from last year.


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