Russia Back In The Wheat Business

The U.S. Department of Agriculture attaché in Russia reports that Russia’s grain production this year is expected to rebound from last year’s drought-affected crops, and assuming normal weather, Russia’s grain (including legumes) crop will reach 85.5 million tonnes. The government of Russia has announced that grain exports will be able to restart on July 1, 2011, although some uncertainty remains on future export policies. The office forecasts total grain exports in 2011 at 12.5 million tonnes, nearly triple last year’s level.

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