Moscow on fire - Page 2

On August 09 2010 04:50 blue_arrow wrote:
it's been a scorching russian summer
grain exports are banned too due to drought yes?

Since the continuing fires have destroyed a large amount of grain, and because Russia is one of the world's largest exporters of grain, world market prices for cereals, particularly wheat, rose rapidly in early August. This is in addition to the drought and high temperatures that Russia is encountering; in large parts of Russia, the highest temperature are being recorded since records began 130 years ago.

On 2 August 2010, the Russian Grain Union cut its harvest forecast from 81,5–85 million tons down to 72–78 million. In the following days the prediction was reduced to 70–75 million tons. On 5 August 2010, Russia announced a temporary ban on grain exports from 15 August to 1 December.