Russia: Ministry of Agriculture to change tactics of grain exports at the harvest less than 95 mln tonnes

The Ministry of Agriculture of Russia will change its tactics on the exports of grains, if the grain harvest in 2013 is less than 95 mln tonnes, because the country will face the threat of over-exporting, declared Ilya Shestakov, Deputy Minister of Agriculture of the Russian Federation, on February 28.

Previously, Nikolai Fedorov, Minister of Agriculture, informed that in the current year Russia has to get the grain production of at least 95 mln tonnes, against 70.7 mln tonnes in the previous year, to ensure the domestic demand, replenish the stocks, and maintain the export potential.

I.Shestakov added that in 2012/13 MY the imports of grains may reach 1.2 mln tonnes, and as of to date Russia already imported 0.6 mln tonnes of grains.

The Government may resume purchasing of grains in the case of poor harvest in Russia in the current season to limit its exports, said the Deputy Minister of Agriculture.

According I.Shestakov, such measure can be one of the strategic options for holding of the interventions on the grain market in the current year.

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