Monday, September 24, 2012

Russian Deputy Agriculture Minister Surprised by Talk of Grain Export


Russian Deputy Agriculture Minister, Ilya Shestakov, said he was surprised by Economy Minister Andrei Belousov's recent statement that Russia could limit its grain exports. "In all the meetings that have happened, the issue of a ban has never been raised and the Economy Ministry has not promoted that idea this year," added Shestakov.  He said export tariffs were not under discussion and the Agriculture Ministry was keeping to its plan to regulate the domestic market through intervention sales. "We are in a globalized market and there is nothing bad in that because there will be logistic redirection of flows," he said.

http://www.reuters.com/article/2012/09/22/us-russia-grain-idUSBRE88L03U20120922


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