November 24, 2011

Russia's Agriculture Ministry said that as of Wednesday (Nov 23), its grain exports amounted to 13.7 million tonnes since July 1.

On July 1, the Russian government lifted its ban on grain exports that had been in effect since August 2010 in an effort to reduce grain prices amid a severe drought.

Moreover, the ministry said that Russia could export about 2.5 million tonnes of grain in November.

Russia could also export around 17 million tonnes of grain by the end of 2011, First Deputy Prime Minister Viktor Zubkov said on November 10. He added then that the limit for grain exports in the current agricultural year, which ends on June 30, 2012, remained at about 24–25 million tonnes.

On Tuesday (Nov 22), Agriculture Minister Yelena Skrynnik said that Russian agriculture companies had gathered 97.5 million tonnes of grain in bunker weight, since the beginning of the current harvest season.