Russia is lifting its ban on grain exports, effective July 1, amid expectations for a good harvest, Prime Minister Vladimir Putin stated. Russia introduced the ban last August in response to a severe drought that destroyed crops. First Deputy Prime Minister Viktor Zubkov, responsible for the country's agriculture, told Mr. Putin that this year farmers have sown 10% more acres of grain and stockpiled more than six million metric tons. "Considering that we really do have grain now and the state of winter grain crops is good...I think that we can lift the export restrictions on July 1," Mr. Zubkov told Mr. Putin, who ordered the ban lifted. Notably, Ukraine similarly announced plans to abolish a quota on grain exports, also introduced in 2010.
http://online.wsj.com/article/SB10001424052702304066504576351011167638594.html
http://www.lenta.ru/news/2011/05/28/putin/
http://www.vesti.ru/videos?vid=339203 (video)
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