Bloomberg News

Russian Grain Exports Seen at Record 25 Million Metric Tons

December 07, 2011

(Updates with grain-export potential in second paragraph.)

Dec. 7 (Bloomberg) -- Russia’s grain exports probably will be at least 25 million metric tons in the current marketing season, a record, said Alexander Solovyev, deputy agriculture minister.

Russia’s grain-exports potential may double in 15 to 20 years because of improving yields and increasing the area of land used for agriculture, Solovyev said today at a conference in Moscow. Russia sees the Asia Pacific market as one of the most promising, Solovyev said.

--Editors: John Deane, Claudia Carpenter

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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