Ministry of Agriculture initiates the creation of a new union of grain exporters
The Russian Minister of Agriculture Dmitry Patrushev stated this at the meeting with representatives of the largest domestic grain exporters. During the meeting, the parties discussed the issues of the current market situation, as well as plans for grain exports.
“The Ministry of Agriculture is initiating the creation of a new association, a new union of grain exporters. We need to understand the general trends, the general demands of the market. This is why it is necessary to create a strong association that will represent the interests of major exporters. The union will be created closer to April of this year”, said the head of the Ministry of Agriculture, urging the meeting participants to join the work to create such an association.
At the event, parties noted that grain remains key Russian agricultural product supplied abroad. As Dmitry Patrushev stressed, the Ministry of Agriculture does not plan to impose any restrictions on the export of this crop. As of February 7, in the current agricultural year (2018/2019), Russia increased its grain deliveries abroad by 3%, to 32.6 million tons, while wheat exports grew by 11% and amounted to 27.3 million tons.
According to the forecasts of the Ministry of Agriculture, the export potential of the grain remains at the level of 42 million tons, including 37 million tons of wheat, which will allow to maintain the necessary reserves to meet the demands of the domestic market. In April 2019, the ministry will be in charge of drawing up plans for the next agricultural year together with exporters.
In addition, the meeting discussed the situation in the market of agricultural transportation of goods. The meeting participants agreed on the need to strengthen control by shipping companies, shippers, as well as regional authorities over compliance with legislation in transportation.