MOSCOW, June 30 (Reuters) – Russia’s largest Black Sea farming region of Krasnodar started to record higher wheat yields this week after a decline a week earlier as harvesting gathered pace, the regional agriculture ministry said on Monday.
Russia, one of the world’s main wheat exporters via the Black Sea, is set to increase its wheat crop by two percent to 53 million tonnes in 2014-15, according to the latest Reuters poll.
As of June 30, Krasnodar region, the key region for wheat exports via the Black Sea, harvested 453,000 tonnes of winter wheat from six percent of the area, with yields of 5.42 tonnes per hectare, up 0.28 tonnes per hectare year-on-year, the ministry said in a statement.
Read Also
U.S. grains: Soybean futures set two-week high on US weather worry, soyoil rally
Chicago Board of Trade soybean futures touched a two-week high on Friday on worries that heat may threaten U.S. crops and expectations that the country’s biofuel policy would boost demand for soyoil, analysts said.
As of June 26 its wheat yields were quoted at 4.90 tonnes per hectare, down year-on-year.
Across all grains, the region has already harvested 1.3 million tonnes from 15 percent of the area with yields at 5.28 tonnes per hectare, the ministry added.
Stavropol region, another important Russian area for wheat, has harvested 1.3 million tonnes of grain with yields at 3.36 tonnes per hectare from about 10 percent of the area, its regional ministry said. It did not provide data for wheat.
