Russia may run out of grain storage capacity after the largest harvest in at least 15 years,

Russia's Grain Union said the country can currently store about 95 million tonnes, but the government forecast the grain harvest to be at least 85 million tonnes. The grain union expects farmers the harvest to reach 97 million tonnes, Bloomberg reported.

Igor Khudokormov, chairman of Prodimex, a Russian sugar and grain producer said Russia could face storage problems as it is not ready for the huge harvest.

The country should build more elevators in the southern and central parts of the country, where the majority of the country's grain is produced and exported, Grain Union Vice-President Alexander Korbut told Bloomberg.

Korbut estimated construction costs for 100,000 tonnes of capacity to be about US$16.4 million, excluding costs for rail, road and power connections.

The number of available rail hopper cars is also an issue as the country is about one-third short of the required number of cars, he said.