Bloomberg News

Russia's Grain Shipments Seen Exceeding 27 Million Tons

March 23, 2012

Russia’s grain exports may exceed the government’s forecast of 27 million metric tons in the marketing year that will end on June 30, SovEcon said.

Traders may export 1.8 million tons of grains this month, up from 1.2 million tons in February, after ice thinned, allowing easier navigation of the Azov Sea and some rivers, Andrei Sizov Jr., managing director of the Moscow-based researcher, said by phone. Grain exports may exceed 2 million tons in April, he said. Grain sales from state stockpiles that could begin by early next month may bolster exports also, Sizov said.

Viktor Zubkov, first deputy prime minister, said on March 19 the country’s exports had reached 22 million tons and may climb as high as 27 million tons.

Russia’s grain crop will probably be about the same as last year’s, the Agriculture Ministry said. The country harvested 94.2 million tons of grains in 2011, according to revised state statistics data, Dmitry Bobkov, ministry spokesman, said today by phone in Moscow.

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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