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. Last Updated: 07/27/2016

Grain Crop Up So Far, Prices Down

Russia has harvested 28 percent more grain than it had by the same time last year, resulting in a decline in prices in many grain-producing regions, the Agriculture Ministry said Monday.

It said in a statement that more than 28 million tons of grain by bunker weight had been harvested by July 30, 5.4 million tons more than at the same time last year.

Grains had been harvested from 10 million hectares, or from 22.1 percent of the targeted area. The average yield was 3.1 tons per hectare.

The ministry did not provide a comparison for yields on the same day in 2006.

Russia expects to harvest 76 million tons of grain by clean weight, down from 78.6 million in 2006 due to a drought in some grain-growing regions in May and June.

Bunker weight is normally about 8 percent higher than clean weight, obtained after grain has been cleaned and dried, but in some dry and hot years the difference may be lower.