Russia Has Enough Grain to Continue Exports, Minister Says

Russia Has Enough Grain to Continue Exports, Minister Says

Russia has enough grain for domestic
use and plans to continue exports, which are seen rising to 25
million metric tons this marketing year, according to the
agriculture ministry.
About 19.8 million tons of grain have been exported for the
marketing season that started on July 1, Yelena Skrynnik,
agriculture minister, said in Moscow today.
“Our grain balance is in order because we harvested 94
million tons of grain, up from 90 million tons we had forecast
earlier,” Skrynnik said.
She confirmed that the country won’t introduce an export
ban in April. Russia shipped about 4 million tons in 2010-11
after the government banned grain exports on Aug. 15, 2010, in
order to have enough domestic supplies after the worst drought
in at least 50 years, according to state data.
Russia, set to be the world’s third-largest wheat shipper
this marketing year according to U.S. Department of Agriculture,
plans to almost double its grain exports to 40 million tons by
2020, Skrynnik said.