AGL 36.51 Decreased By ▼ -1.49 (-3.92%)
AIRLINK 216.01 Increased By ▲ 2.10 (0.98%)
BOP 9.46 Increased By ▲ 0.04 (0.42%)
CNERGY 6.59 Increased By ▲ 0.30 (4.77%)
DCL 8.50 Decreased By ▼ -0.27 (-3.08%)
DFML 40.90 Decreased By ▼ -1.31 (-3.1%)
DGKC 99.48 Increased By ▲ 5.36 (5.69%)
FCCL 36.48 Increased By ▲ 1.29 (3.67%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 17.17 Increased By ▲ 0.78 (4.76%)
HUBC 126.25 Decreased By ▼ -0.65 (-0.51%)
HUMNL 13.35 Decreased By ▼ -0.02 (-0.15%)
KEL 5.24 Decreased By ▼ -0.07 (-1.32%)
KOSM 6.71 Decreased By ▼ -0.23 (-3.31%)
MLCF 44.24 Increased By ▲ 1.26 (2.93%)
NBP 60.50 Increased By ▲ 1.65 (2.8%)
OGDC 222.49 Increased By ▲ 3.07 (1.4%)
PAEL 40.60 Increased By ▲ 1.44 (3.68%)
PIBTL 8.16 Decreased By ▼ -0.02 (-0.24%)
PPL 191.99 Increased By ▲ 0.33 (0.17%)
PRL 38.60 Increased By ▲ 0.68 (1.79%)
PTC 27.00 Increased By ▲ 0.66 (2.51%)
SEARL 103.50 Decreased By ▼ -0.50 (-0.48%)
TELE 8.62 Increased By ▲ 0.23 (2.74%)
TOMCL 34.86 Increased By ▲ 0.11 (0.32%)
TPLP 13.60 Increased By ▲ 0.72 (5.59%)
TREET 24.99 Decreased By ▼ -0.35 (-1.38%)
TRG 71.99 Increased By ▲ 1.54 (2.19%)
UNITY 33.33 Decreased By ▼ -0.06 (-0.18%)
WTL 1.72 No Change ▼ 0.00 (0%)
BR100 11,987 Increased By 93.1 (0.78%)
BR30 37,178 Increased By 323.2 (0.88%)
KSE100 111,351 Increased By 927.9 (0.84%)
KSE30 35,039 Increased By 261 (0.75%)

Spain's Agriculture Ministry has raised its forecasts for the winter cereals harvest to 18.95 million tonnes from the previous 15.81 million, following heavy rain in late spring. That would be just 3.5 percent below the bumper winter grain harvest - mainly barley and wheat - of 19.64 million tonnes a year ago in a country heavily dependent on grain imports.
In its latest unscheduled release, using data compiled by the end of May, the ministry estimated the maize crop would come in at 3.45 million tonnes this year, which compares with 3.52 million in 2007.
Many parts of Spain suffered their driest winter since 1948/49 and farmers feared for the winter cereals harvest as northeast region Catalonia nearly had to ration drinking water. Heavy rain fell between mid-April and mid-June and has done much to help crop development, as well as replenish reservoirs needed to irrigate spring-planted maize in Spain's arid climate.
The ministry said farmers planted 8.3 percent more land to winter cereals, which follows the European Union scrapping a requirement to set aside 10 percent of land in a bid to boost output and check soaring world prices.
The biggest projected increase is for durum wheat, the only crop in which Spain usually has an exportable surplus and for which fob prices topped 500 euros per tonne at the end of March in the southern port of Seville. Durum output is forecast to rise 26.2 percent to 1.56 million tonnes. Merchants and farmers said field work was almost complete after a delayed start due to rain in southern regions Andalucia - where most of Spain's durum is grown - and Extremadura.

Copyright Reuters, 2008

Comments

Comments are closed.