date:Apr 17, 2014
production would exceed 120 million tonnes in the next six years, giving the country an export opportunity of 40 million tonnes.
And on the markets Russia has started selling grain from intervention under repurchase agreements. Between October and February the state bought in 610,000 tonnes at a cost of 3.57 billion rubles and it has just released 62,000 tonnes at 438 million rubles.
The Russian Grain Union estimates that this year Russia will export 25 million tonnes of grain.
However, whil