May 22, 2014

Russia's grain exports expected to rise in 2014-2015

Russia's grain exports are expected to rise in the 2014-2015 marketing year with the increase in harvest this year, according to data from the country's largest grain transportation operator Rusagrotrans, Wall Street Journal reported.

Russia is forecast to harvest 95 million to 97 million tonnes of grain this year, up from 92.4 million in 2013. Grain exports in 2014-2015 are estimated to reach 27 million to 28 million tonnes, up from 25.3 million in 2013-2014, Rusagrotrans said.

The forecast grain export included 19 million tonnes of wheat, 4.5 million tonnes of corn and 2.5 million to 2.7 million tonnes of barley.

Rusagrotrans expects grain export from July 2013 to June 2014 to be around 25.3 million tonnes, including 18.6 million tonnes of wheat, 4.0 million tonnes of corn and 2.38 million tonnes of barley.

Russia's grain exports in the 2012-2013 marketing year plunged to 15.69 million tonnes, compared to 27.2 million tonnes in the previous marketing year.