Bloomberg News

Russian Grain Exports Seen at 26 Million Tons

April 11, 2012

Russia’s grain exports are expected to be a record 26 million metric tons this season, 1 million tons lower than an estimate made last month, said SovEcon, a Moscow-based agricultural researcher.

Russia’s grain exports for the year ending June 30 will still beat the 2008-09 record of 23 million tons, according to Andrei Sizov Jr., managing director at SovEcon.

The country may harvest about 90 million tons in 2012-13, down from 94.2 million tons this season, Sizov said today by phone in Moscow. The crop is expected to be smaller because cold weather in Russia’s main growing regions in the south has affected the condition of winter grains, he said.

Winter crops are expected to be 40 million tons, down from the multi-year average of 43.4 million tons, Sizov said.

Russia’s grain shipments are seen between 20 million and 26 million tons in 2012-13, Sizov said.

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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