ID :
192210
Fri, 07/01/2011 - 07:58
Auther :

Russia resumes grain exports on Friday.

MOSCOW, July 1 (Itar-Tass) -- Russia will resume grain exports on
Friday which were suspended in August 2010 because of a major drought and
subsequent loss of up to 30 percent of grain crops.
Prime Minister Vladimir Putin said last week the country may export up
to 15 million tons of grain and recover a leading place on the market.
This year grain crops are forecast at 85 million tons in Russia.
In the past three weeks the world price of grain fell 70-80 dollars
per ton. The price of Russian wheat of the fourth class fell in the past
week by 85 rubles to 5815 rubles.

X