October 27, 2011

 

Russia's grain exports to Asia-Pacific targeted at three million tonnes

 


A minimum of 2-3 million tonnes of grains will be annually exported by Russia to the countries of the Asia-Pacific region in future, Vice President of the Russian Grain Union Alexander Korbut said Wednesday (Oct 26).

 

Meanwhile, Korbut added that a number of terminals for grain trans shipments should be built in the country's Far East to achieve such results. He said that Russia currently supplies between 40,000 and 80,000 tonnes of grain per year to the Asia-Pacific region through terminals in the Far East.

 

Korbut also reiterated that Russia's total grain exports are expected to amount to 40 million tonnes per year by 2020.

 

In addition, Korbut said that Russia's total flour exports could amount to about 1-1.5 million tonnes within the next 10 years. He added that the country's flour exports had so far amounted to 370,000 tonnes since the beginning of 2011.