Russia expects grain exports more than 20-M tons

Russia's grain exports may exceed a previous official forecast of 20-M tons in Y 2011, First Deputy Prime Minister Viktor Zubkov said Tuesday.

Since a ban on grain export was lifted on July 1, Russia has exported over 7.2-M tons of grain and plans to export 3-M tons every month for the rest of this year, Mr. Zubkov told a government meeting.

We do not believe that 20-M tons is the limit, Mr. Zubkov said.

He added that Russia has so far harvested 74.1-M tons of grain, 2% more than the same period in Y 2009.

The pace of grain harvesting confirms our initial forecasts, which said that in the current agricultural year the grain yield would amount to some 90-M tons, Mr. Zubkov said.

Russia stopped its grain export on Aug. 15, 2010 after a severe drought that destroyed crops in the majority of the Country's agricultural regions. The harvest in Y 2010 was 60.9-M tons, down 37% compared to Y 2009.

Paul A. Ebeling, Jnr.

 

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