Russia Eyes Brazil As New Grain Buyer

Russia could export about 2 million tonnes of grain to Brazil and it is ready to increase imports of Brazilian soybeans to 1 million tonnes.

These plans were unveiled by Russian Agriculture Minister Alexei Gordeyev during talks with Brazilian Agriculture Minister Reinhold Stephanes in Sao Paulo, Brazil, according to the Russian Agriculture Ministry's press release.

"We have discussed a plan to export Russian grain to Brazil and to increase the import of Brazilian soybeans to 1 million tonnes," Gordeyev was quoted as saying.

Noting that Brazil traditionally imports grain from Argentina, he said that Russia was prepared to export around 2 million tonnes of grain to that country.

Brazil also wants to buy mineral fertilizers directly from Russia.