August 24, 2010

United Grain Company issues domestic supplies

Russia's state-owned United Grain Company (UGC) has started domestic grain supplies with deliveries to a flour mill in a drought-hit region in central Russia, UGC said on Monday (Aug 23).

"The situation we are currently facing on the Russian grain market means we must organise grain supplies to the most distressed consumers with utmost efficiency. One of UGC's current tasks is to eliminate regional imbalances between grain-producing and grain-refining regions," UGC chief executive officer Sergei Levin said.

The government has recommended UGC to work out a grain supply scheme to meat and poultry producers in the country's most drought-hit regions. Russia is striving to preserve dairy cattle stocks in case of feed grain shortage.