Russia could increase grain imports

Low grain stocks in Russia may lead to a rise in imports, a leading Russian agricultural analyst spoke on Tuesday saying ‘we will see new developments after the New Year holidays,’ Andrei Sizov Sr, president and chief executive of SovEcon told Reuters.

He also said by the middle of January stocks will be so low that animal feed makers, brewers, millers and distillers could have very low stocks of grain or none. This would push up the prices and make imports efficient. Russia had been hit by a severe drought, the worst in more than a century. Read more...