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Strategies & Market Trends : Taking Advantage of a Sharply Changing Environment -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (4030)	7/27/2020 11:27:53 PM
From: Doug R	Respond to of 6325

Drought, Rains, and Record Cold Deliver Dismal Grain Harvest for the Ukraine and Russia The two largest grain exporters on planet earth look in bad shape. Agricultural output in the Ukraine fell by 19% during the first half of 2020, compared to the same period last year. And Russia hasn’t fared much better. A record cold and rainy May in the center and west of Ukraine, and drought in the south destroyed much of the grain, reports ria.ru . Added to that are the persistent June rains to the west which seriously delayed the harvest efforts. Russia is also battling drought — up to 60% of the harvest has been lost in the south, and prices are on the rise their, too. Associate Professor of the Timiryazev Agricultural Academy Igor Abakumov said that the last drought was 10 years ago, and with the phenomenon occurring at intervals of 3-7 years, Russia was “over the limit of favorable years”. Currently, there is no ban on the export of grain –as was the case back in 2010– but, nevertheless, local restrictions have been introduced. There are mounting fears that the country will suffer a grain shortage this year, and imports are already being arranged, reports irk.kp.ru. Transcontinental Russia has been buffeted by weather extremes this year.