September 3, 2012

Russia to ship 3.3 million tonnes grain in September

Russia could export 3-3.3 million tonnes of grain in September.

SovEcon agricultural analysts see Russia's September grain exports at three million tonnes, its chief executive Andrei Sizov Sr. told Reuters.

The Institute for Agricultural Market Studies (IKAR) has cut its September export estimate to 3.0-3.3 million tonnes from previously forecast 3.5 million tonnes, its head Dmitry Rylko said.

Deputy Prime Minister Arkady Dvorkovich said on Friday (Aug 31) that 4.6 million tonnes had already been exported in the new crop year, which started on July 1.

IKAR has also cut its full year grain crop forecast to 69-70 million tonnes from the previously expected 70-71 million tonnes. Its 2012 wheat harvest forecast now stands at around 39-40 million tonnes, Rylko said.