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SEEKING GRAIN EXPORTS

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Russia will try to raise its grain exports in 2010-2011 by offering low prices as it needs to shift growing stocks, Arkady Zlochevsky, head of the country’s powerful grain lobby, said May 17. “The next crop year will be a year of expansion of the Russian presence on the world grain market. We have no other way out,” Zlochevsky, of the Russian Grain Union, told reporters. Russia will have record carryover grain stocks of 26 million tonnes by July 1, compared to 22.6 million tonnes a year ago, he added.

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