All of Russia’s top grain-producing regions have cut their harvest outlooks due to bad weather
Extreme weather that pushed Russia n farmers into the fields early this year to salvage their crops took a toll on the country’s gross domestic product in August, economy ministry data showed on Wednesday.
This year’s Russian harvest has been hit by bad weather, ranging from early spring frosts to drought and heavy rains. All of Russia’s top grain-producing regions have cut their harvest outlooks. Russia’s agricultural output often contracts in August when the harvesting campaign nears its end in many regions, but this year’s decline was exceptional and more than double last year’s contraction.
Russia still officially forecasts this year’s grain harvest at 132 million metric tons, but many analysts have been revising their harvest forecasts downward. IKAR consultancy sees this year’s harvest at 124.5 million tons.
Harvest Ministry Russia Output Agriculture Weather Product Russia IKAR
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