AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

SovEcon's latest forecast for Russia's total 2006 wheat output remains virtually unchanged in a range of 39.5-41.5 million tonnes, compared with 47.7 million in 2005.
The forecast is lower than a recent estimate by Rosgidromet, the Russian Committee for Weather Monitoring, which said the crop would be 42.25-47.0 million tonnes. SovEcon's estimate for Russia's wheat area is pegged at 22.25-22.7 million hectares from 25.4 million hectares last year. This reflects a decline in the winter wheat area due to unusually large winterkill losses in the Black Earth and Volga areas.
In addition, there was a decline in winter wheat plantings in the North Caucasus because of dry weather last autumn. Total winter wheat harvesting area is estimated at 8.2-8.4 million hectares, compared with 10.36 million hectares last year.
Russia's spring wheat area is estimated at 14.0-14.4 million hectares, against 15.04 million hectares last year. Despite generally good weather conditions for winter wheat development in European Russia, initial yields are 5-8 percent down from last year.Reduced yields reflect poor weather conditions last autumn, which lowered yield potential.
Spring wheat plantings in European Russia are generally in good condition thanks to abundant rain in June. But unusually hot weather in the first half of July in Central Russia and the Volga River areas may strain the crop. In Siberia, prolonged dry weather in May and June hurt crop development in Alta. and Novosibirsk.
Heavy rains in the first half of July are delaying the crop development. Coupled with late sowing, this may result in delays in harvesting. SovEcon's production forecasts for Central and Southern Districts and the URLs are now seen marginally up.

Copyright Reuters, 2006

Comments

Comments are closed.