The declining rate of export of Russian grain lead to the formation of surplus, which in the future could derail prices on the grain market. In turn, decline in exports due to the strengthening of the ruble.

The pace of grain exports in February decrease, including due to weather conditions in the ports, but the Foundation for slowing the speed of delivery is the strengthening of the ruble, said Zlochevsky.

"The plan was 41 (million tons – ed.), de facto removed about 24 million tonnes currently, from 1 July. We have a plan is not workable for sure. At the current rate, probably will be able to make 36 million tons total. If the ruble is weaker, maybe more – 37-37,5 (million tonnes). If it will be strengthened, and 36 (million tons) will not do" — said Zlochevsky.

Due to the low export of "excess concentration" in Russia is quite high and this puts pressure on prices.

"Growing pressure on prices, and we fear seriously enough that in the period of sowing works, which will begin in March, this will necessitate the implementation of significant amounts of grain, because they need the money for the sowing campaign peasants, – we fear that as a result, the mass injection rates in the market just collapse," — said Zlochevsky.

We will remind, the Deputy Director of Department of strategic marketing of CJSC "Rusagrotrans" Igor Pavensky also of the opinion that Russia will reduce the supply of grain to foreign markets.

Photo: ethpress.gov.et