Bloomberg News

Russia Targets Grain Harvest Up 34%, Stable Exports for 2013-14

January 31, 2013

Russia, the world’s third-biggest wheat exporter in 2011-12, aims to raise the grain harvest 34 percent to 95 million metric tons for the 2013-14 season and to have stable exports, Agriculture Minister Nikolai Fedorov said.

“This is what we need to have a good domestic market and export potential, as well as to keep Russia playing its role on global food market,” Fedorov told reporters in Moscow today.

Russia’s harvest was damaged by drought this season, curbing exports. The grain crop shrank 25 percent to 70.7 million metric tons, and the wheat harvest was 33 percent smaller at 37.7 million tons, according to Agriculture Ministry data. The country hasn’t restricted shipments as it did in 2010 when it banned exports following a severe drought.

Exports this season are forecast to be 14.8 million tons, 46 percent lower than a year earlier, according to the ministry. For 2013-14 the shipment potential is expected to be at least 15 million tons, Fedorov said.

To contact the reporters on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net; Ilya Arkhipov in Moscow at iarkhipov@bloomberg.net

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


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