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Russian Prime Minister Vladimir Putin says the country's grain production could drop to between 60 to 65 million tons this year.
It's the third time the government has revised down the grain forecast, due to a usual rise in temperatures in recent months. The latest forecast may fall short of the country's 78 million ton requirement. The shortage has led to the government's decision in extending a ban on grain exports until the end of this year.
Putin says there are realistic reasons behind the ban, as key grain growing regions in Russia are unable to begin winter seeding. He predicts further adjustment on the ban will depend on harvest.