January 27, 2012

Russia's Novorossiisk Cereal Product Plant eyes 1.2-million-tonne grain export

Novorossiisk Cereal Product Plant, a Russian firm controlled by the state-owned United Grain Company, looks to export 1.20 million tonnes of grain in January-March, the United Grain Company said Wednesday (Jan 24).

In July-December 2011, the plant exported 2.24 million tonnes of grain, the United Grain Company also said.

The major importers of Russian grain in 2011 included Egypt, Iraq, Israel, Jordan, Kenya, Libya, Saudi Arabia, and others.

The plant also supplied over 50,000 tonnes of grain under international humanitarian aid programs to North Korea and Nicaragua in 2011.

The plant's shipping capacity amounts to roughly 450,000 tonnes per month.

In the 2010-2011 season, Novorossiisk Cereal Product Plant exported 547,024 tonnes of grain, compared with 3.36 million tonnes exported in the 2009-2010 season.

Established in 2009, the United Grain Company is the government's agent for grain purchases aimed at supporting domestic producers and increasing competition.