Russia: Ministry of Agriculture is considering all variants of grain export constraining, except of the ban – N.Fedorov

Source

APK-Inform

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Russia will not impose the ban on grain exports, declared Nikolai Fedorov, Minister of Agriculture of the Russian Federation, on December 11.

At the same time, he called the upward trend in grain exports as quite "alarm" (as of December 8, the grain shipment volumes totaled more than 18 mln tonnes, up one third compared with the same date in 2013/14 MY). N.Fedorov added that the Ministry plans to consider all variants to contain foreign supplies of grains, except for the export ban.

According to N.Fedorov, activation of grain purchasing interventions by raising the minimum purchasing prices is one of such variants.

To date the Ministry specialists provide consultations to agree the new minimum purchasing prices, said the Minister.

According to N.Fedorov, provision of acceptable credit conditions for grain processors would be another option to slow down grain export rates.

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