Russia triples grain import

Baku – APA-ECONOMICS. Russia may have to import more than 5 million tons of grain in 2010-2011, Russian business daily Vedomosti quoted a source close to the Agriculture Ministry as saying on Thursday.

The ministry had already decided to begin importing grain, but still had to decide on the required amount, the source said.

The managers of two major Russian grain exporting companies told the paper they knew the ministry was discussing the issue of grain imports. Russia would import grain from one of its neighbors, most likely Kazakhstan, they said.

The Kazakh agriculture minister said on Wednesday the country expects to export 8 million tons of grain from its harvest of 13.5-14.5 million tons in 2010-2011. Of this figure, 2 million tons has been set aside for Russia, Iran and other countries.

by www.en.apa.az