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Bumper Crops Foreseen

Russia's grain harvest may increase 53 percent from last year to reach 93 million tons after drying and cleaning if the weather is favorable, the country's Grain Union said.

The wheat crop is seen at 55 million tons, with about 60 percent of milling quality, and the feed barley harvest is expected to be 16 million tons to 17 million tons this year, Arkady Zlochevsky, the union's president, said Monday.

This year's harvest is expected to be a record for crops such as sunflower seeds with 9 million tons to 10 million tons, corn with 6 million tons, rice with more than 1.2 million tons and soybeans with more than 900,000 tons, Zlochevsky said.

(Bloomberg)

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