Russian Grain Exports To Near Double by 2018
Russian grain exports will nearly double by 2018 to 40 MMT, according to the Ministry of Agriculture there. Exports in the current marketing year will total 21.5 MMT, they say.
Russia's share of the global grain export market has been growing steadily over the last ten years. In 2001 they were responsible for just 2% of world trade in grain, by 2009 that had risen to 9%, and by 2018 Russia will account for 15% of global grain exports, say the Ministry.
Official Ministry forecasts in MMT:
Russia's share of the global grain export market has been growing steadily over the last ten years. In 2001 they were responsible for just 2% of world trade in grain, by 2009 that had risen to 9%, and by 2018 Russia will account for 15% of global grain exports, say the Ministry.
Official Ministry forecasts in MMT:
2008/09 2009/10 2010/11
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Grain Production 108.1 97.0 95.0
Consumption 76.2 79.1 80.1
Exports 22.5 21.5 22.0
Ending Stocks 23.7 21.1 15.0