FAO sees "huge" grain output recovery in Russia

Russia, hit by severe drought last summer, will see a "huge" recovery in grain crops this year as will its neighbour Ukraine, a senior economist and grain analyst at the UN's Food and Agriculture Organisation said on Thursday.

Agricultural commodities markets need "some degree of control" to cap excessive speculation which fuels price volatility, FAO's Abdolreza Abbassian told Reuters Insider in an interview.

[Source: Reuters, Milan, 05May11]

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