Export Ban Likely to Hurt Harvest

The country’s grains harvest may drop below 70 million metric tons in 2012 if the grain-export ban remains in place, a decline of at least 16 percent from this year’s forecast crop, SovEcon said. Russia prohibited shipments from Aug. 15 until at least July 1 as drought wiped out more than a third of the country’s crop last year, reducing the harvest to 60.9 million tons. Farmers may […]