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Russian grain unlimited
Published: 06 February, 2012, 17:26
(RIA Novosti / Alexandr Kryazhev)
TAGS: Russia and the global economy, Agriculture
The Russian Government says it won’t introduce curbs on grain exports as it considers the country’s stockpile large enough to meet domestic demand. It has also increased the grain export forecast from 25 to 27mln tonnes.
Russia had planned to impose export duties if grain exports exceeded 25 million tonnes, but changed their minds after new data. The Russian grain stockpile as of January, 1 was 36mln tonnes compared to 33mln tones last year. Also Russia’s harvest was 93.9mln tones slightly exceeding the expected 91-92mln tones.
Experts are optimistic about the Government’s decision. They expect global grain prices will fall allowing exporters to make deals.
“This is the best decision the Government could make”, Dmitry Rylko, General Director at the Institute for Agricultural Market Studies, told RBC Daily. “It’s not necessary that an estimated 27mln tonnes will be exported”, he added.
If 27mln tonnes of grain are exported, it will set a Russian record. The last time Russia’s grain exports set a record was in 2008 when 23.6mln tonnes were sold abroad.
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Enrique2: But needed our corn in China? Funny, but I recently buy corn and it was made in CHINA! :-) So, it she unlikely need if they are to export ...
By the way, I'm a fan of corn at all, in recent times almost every day, eat corn on the cob in a glass jar (made in Thailand). I recommend to all Russians, it is sold in many places, at least in the Moscow region ..
Apart from wheat, I wonder why Russia doesn´t increase corn and soya production, which have a large demand in China.
If Brazil´s "Embrapa" (the Brazilian Government authority for agriculture development) could create a genetic soya that could grow in the dry "cerrado" (inner Brazil)...then Russia can create a genetic soya that could grow in cold but mineral rich lands.
Hello Kitty, it was just an example. Brazil and Argentina export millions of tonnes of SOY to China every year. So, if Brazil´s "Embrapa" could develop a genetic kind of SOY for the dry "cerrado", Russia can develop a genetic kind of SOY for similar lands in the Northern Caucasus (Caspian Sea Basin) or for cold in Southern Siberia....That was a national effort of R&D in Brazil, and so could be in Russia helping to diversify grain exports.