June 03, 2011

Russia expected to end its ban on grain export

Russia, formerly the world's third-largest wheat exporter, plans to lift its grain export ban from July 1, imposed since last August after the worst drought in over a century devastated crops. According to the Russian Grain Union industry lobby, Russia is expected to export up to 20 million tonnes of grain from this year’s crop if the harvest reaches 85-90 million tonnes.

Asia's animal feed makers are likely to be one of the biggest beneficiaries of Moscow's decision to end the grain export ban. Asia has been suffering from tight feed supplies causing the price of feed grain to soar. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers

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