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Rain arrives too late for ailing Black Sea crops; yields fall

Thu, 08/23/2012 - 5:25am
Reuters

MOSCOW/KIEV (Reuters) - Falling yields are painting an even bleaker outcome than anticipated for Russia's wheat crop, while longed-for rainfall in Ukraine and Kazakhstan won't rescue drought-hit harvests across the Black Sea area, forecasters and analysts said on Thursday.

Declining yields in Siberia and the Urals region prompted Moscow-based analyst group SovEcon to cut its Russian wheat crop forecast to 39 million metric tons from 39-41 million metric tons.

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