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ROME, Sept. 1 (UPI) -- Drought in Russia slashed wheat production estimates by 10 percent, though U.S. crop estimates were up more than 40 percent, the U.N. food agency said.
A scorching summer heat wave complicated by wildfires and drought forced Russia to impose a ban on grain exports through the end of the year. Moscow said, however, it would review the ban in October.
The U.N. Food and Agriculture Organization said Wednesday it slashed its grain estimate from Russia to 43 million tons for the year, down from 60 million tons in 2009.
Exports from the United States were up for the year prompting FAO economist Abdolreza Abbassian to say "wheat market supplies are tight but adequate," reports The Wall Street Journal.
Estimate for 2011 were up as recent rainfall in Russia is expected to provide a boost for winter planting.
Ukraine had created a scare when it considered a quota on grains but later backed from the decision.
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