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In Russia "stuck" more than 3 million tons of grain export
There is a concerted effort of all services, with the aim being not to take out the grain, " says the head of the Russian grain Union Arkady Zlochevsky.

In Russia due to restrictions on the export of "stuck" more than 3 million tons of grain, said at a press conference the President of the Russian grain Union Arkady Zlochevsky in Moscow, reported the "Vedomosti".

Zlochevsky said that this amount was to be shipped before the end of January next year, however, delivery slips, despite the absence of an official ban on grain exports. "There is only coordinated work of all services, with the aim being not to take out the grain. So all the responsibility for nonperformance of contracts will be borne by the exporters", - said the head of the RGU, stressing that the measures taken to curb exports are not justified. The concern of the government in connection with the sharp rise in grain prices is understandable, but internal resources are more than adequate to meet all needs, he said.

He reminded that the penalty for non-delivery of the vessel with a volume of 50 000 tons of grain is $2 million , "Collapse, which was created by the decision of the regulators, to good consequences will not", - said the expert.

Meanwhile, this week the Minister of agriculture of the Russian Federation Nikolai Fyodorov said that the gross yield of grain and leguminous crops amounted to over 105 million tons after completion. Previous evaluation of the harvest was more than 104 million tons, a year ago, the grain harvest amounted to 92.4 million tons According to the Minister, and produced more than 2.5 million tons of soybeans and more than 1.45 million tons of rapeseed. He called it the maximum results in the history of cultivation of these crops in Russia.

Wheat prices on the world markets continue to grow in connection with a possible limitations of the supply of grain from Russia. Wheat futures for March delivery were shaking on the Chicago Mercantile exchange by 0.5% to $6,3875 per bushel ($234,68 per ton), but then retreated to $6,375 per bushel. On Tuesday, the contracts has increased in price by 1.6%. "Players of the Chicago wheat market again focused on Russian exports, and this has caused a new wave of purchases by investment funds", - stated in the review of the AWB, division of Cargill Australia, which is quoted by "Interfax".

December 22, Prime Minister Dmitry Medvedev has instructed Vice Prime Ministers to consider the introduction of administrative measures to restrict the export of grain. The government intends postexport duties on grain, said on Monday, Deputy Prime Minister Arkady Dvorkovich and promised during the day to prepare a draft resolution.

The national Association of exporters of agricultural products asked the Vice-Prime Minister to introduce a duty not earlier than March 1, 2015, so they have time to prepare for work in the new conditions."



Translated by the service "Yandex.Translation"
Источники: Agro2b
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