October 17, 2011

Russia's port of Vladivostok to manage 90,000 tonnes of grain

Russia's Commercial Port of Vladivostok intends to manage over 90,000 tonnes of grain by the end of this year, according to the port in a statement Friday (Oct 14).

In January–September, the port handled 45,575 tonnes of grain. Of the total, 34,722 tonnes of grain were exported through the port since July 1, when the ban, introduced in August 2010 in an effort to reduce grain prices amid a severe drought, was lifted.

Russia's grain exports could total 18–19 million tonnes by the end of 2011, First Deputy Prime Minister Viktor Zubkov said Tuesday (Oct 11). Russia has exported 11 million tonnes of grain as of Tuesday since July 1, he said then.

The Commercial Port of Vladivostok is currently controlled by company M-Port, which is 50%-owned by Far East Shipping Company (FESCO) Group.