Russia cut its grain output target by 2020 to 115 million metric tons, Interfax said today, citing a draft program for development of the country’s agriculture from 2013 through 2020.

A previous plan targeted production of 125 million tons of grain, the news service said. The new projection sees Russia’s exports at an annual 30 million tons, Interfax said.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net