March 5, 2012

Russia's 2012-13 grain exports seen to drop

Russia forecasts its grain exports to fall from 28 million tonnes to 25 million tonnes in 2012-13, a deputy agriculture minister said Friday (March 2).

The ministry also sees grain crop at 93.5 million tonnes in 2012-13 against 93.9 million tonnes the previous year, Sergei Sukhov told a grains conference in the Altai region of Siberia.

Russia's domestic consumption can reach 72.3 million tonnes of grain next year compared to 71.8 million tonnes in 2011-12, he added.