In 2014/15 MY Russia to export 28.5 mln tonnes of grains - Ministry of Agriculture

Source

APK-Inform

696

According to expert estimations, based on the signed contracts for grain supply, in 2014/15 MY the general grain exports from Russia may reach nearly 28.5 mln tonnes, including nearly 20 mln tonnes of wheat, declared the Department of agrifood market regulation, the food and processing industries at the Ministry of Agriculture of the Russian Federation on February 27.

At the same time, in 2015/2016 MY the carry-over stocks of grains will total 17 mln tonnes, including 8 mln tonnes of wheat.

According to the announcement, since the beginning of the season (July 1) and as of February 25, the volume of Russian grain exports totaled 24.189 mln tonnes, including 18.792 mln tonnes of wheat.

The grain exports rates increased by 29.1% compared with last year level. In the period of February 1-25, the grain export volumes reached 869 thsd tonnes, including 322 thsd tonnes of wheat. In the same period last year Russia exported 1.205 mln tonnes of grains, including 754 thsd tonnes of wheat.

According to the Ministry, due to imposition of the export duties on wheat, meslin and its by-products since February 1, in the current month the grain export rates decreased by 28%, and the wheat exports - down 57% compared with the same period in 2014.

Also, the Ministry of Agriculture reported that as of February 1, grain stocks in Russia totaled 29.2 mln tonnes, up 3.9 mln tonnes (up 15.4%) compared with the same date last year.

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