June 1, 2011

 

Russia expects 40% increase in grain output in 2011

 

 

Russia's grain output may hit 85 million tonnes this year, up nearly 40% from 2010 and allowing it to lift the ban on export imposed last year, according to First Deputy Prime Minister Viktor Zubkov.

 

"We've calculated that Russia may get a harvest of about 85 million tonnes of grain this year," Zubkov told President Dmitry Medvedev, adding that "we may have a grain carry-over of 18 million tonnes by July 1, 2012."

 

"The export of grain may be at around 15 million tonnes," Zubkov said.

 

A severe drought reduced Russia's grain output to 60.9 million tonnes in 2010, down 37% from a year ago.

 

Prime Minister Vladimir Putin announced on Saturday (May 28) that Russia will lift from July 1 onwards, its grain export ban imposed last year in the wake of the drought, saying this is one of the measures to tap the potential of Russia's agricultural producers.

 

In January, Zubkov predicted that Russia's 2011 harvest may reach 80-85 million tonnes.

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