Russia: Ministry of Agriculture raised its forecast of grain exports in 2013/14 MY, due to the situation in Ukraine
The Ministry of Agriculture of Russia increased its forecast for Russian grain exports in 2013/14 MY from the level of 20 mln tonnes to 22 mln tonnes, declared Nikolai Fedorov, Minister of Agriculture of the Russian Federation, on March 12.
At the same time, he noted that the forecast revision was largely caused by the world market situation, and intensification of the political situation in Ukraine.
N.Fedorov expects that Russia will increase grain exports in 2 mln tonnes, taking into account the situation on the world grain market and problems in the territory of Ukraine, which increase the risk of a shortfall or delay of the supplies of Ukrainian grains on the world market.
According to him, the situation contributes to the fact that Russian traders become more interested in selling grains on the global market at high prices.
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