Russia: to increase grain export volumes

Moscow / RU. (ami) Russia continues growing grain export volumes. In July the growth index totaled 60 percent, declared the media-department of CJSC «Rusagrotrans». According to the analytical centre of «Rusagrotrans», in July the general volumes of export grain supplies totaled nearly 1,3 million tonnes, an increase of 1,6 times compared to indices of the same period last grain year. Rather high carry-over stocks of grains of 2008/2009 harvest became the reason of such growth. In August, grain export volumes from Russia are forecasted at the level of 1,8 million tonnes. According to preliminary data, in July 2009, railway lines of Russia exported nearly 0,5 million tonnes of grains, up 25 percent compared to indices of July 2008.

In 2009/2010 MY, export grain supplies will probably decrease. The reduction is caused by the decrease of the world trading with wheat by nearly 16 million tonnes (twelve percent) compared to the previous grain year due to high harvests in several countries-importers. Also, in the current year, grain harvest in Russia will not exceed the level of 93 million tonnes as opposed to 108,1 million tonnes last season.

Taking into account rather competitive prices for Russian grains, «Rusagrotrans» forecasts that in the year Russia will stay at the group of three world leaders of wheat exports with average export volumes of nearly 16 million tonnes (2008/2009 – 18,2 million tonnes), commented Igor Pavanskiy, the head of the Analytical centre of CJSC «Rusagrotrans» (source: agrimarket.info).