Going against the grain: why Russia was pessimistic over its record crop
Story Date: 10/5/2017

 

Source: Polina Devitt, REUTERS, 10/3/17

A desire to support local grain prices has been a key factor in the rare situation of Russian officials being among the last in the global agriculture industry to say Russia’s 2017 grain crop would hit a record, analysts and sources said.
Some countries are routinely suspected of understating their commodities output in a bid to shore up prices for their producers, but Russia, one of the world’s top wheat exporters...

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