July 9, 2012

Russia will not curb grain exports

Up to present, Russia does not see any need to enforce restrictions on grain exports, stated Arkady Dvorkovich, Vice Prime Minister of the Russian Federation, on July 4.

As a reminder, in the previous week Nikolai Fedorov, Minister of Agriculture of Russia, announced the similar statement, noting the possibility of some reduction of the grain export potential in 2012/13 MY.

Nevertheless, in the current season Russia will deliver nearly 20 million tonnes of grains on foreign markets.