October 11, 2011

Russian grain exports to reach 3.5 million tonnes in October

Russia is expected to export 3.4-3.5 million tonnes of grains in October 2011, according to The Analytical Centre of CJSC RusAgroTrans.

In particular, small ports will ship 1.5 million tonnes of grains (in September - nearly 1.67 million tonnes), deep-sea ports, 1.58 million tonnes (in September, the same volume), with the increase of supply volumes through Tuapse, the Baltic ports and Ukraine at 180-200 thousand tonnes (in September, approximately 140 thousand tonnes), the other directions, nearly 260 thousand tonnes.

In October 2011, experts expect for the continued downturn trend of the ports activity in the Azov Sea and the Volga-Don direction.

According to analysts, in July-October 2011 exports of grains and flour in grain equivalent can total 13.3 million tonnes, and by the end of 2011, it can reach 18.1 million tonnes.

Besides, it is noted that in October-December 2011 Russia exports 2.5 million tonnes of grains only within frames of official tenders (since July - 4.2 million tonnes).

The fall of grain export prices will be compensated by the growth of USD exchange rates, which assists keeping high profitability of export shipments of Russian grains (including VAT refund), informed the analytical report.