Russia Exports Record Grain Volume In July

Posted by Nogger - a legend in his own mind at 11:52 | Categorized as

02/08/11 -- New kid back on the block Russia exported 2 MMT of grains in July, according to the APK-Inform Agency. That would be a record monthly volume for July say Bloomberg, quoting the the Moscow-based Institute for Agricultural Market Studies (IKAR).

Of that total 273.6 TMT went to Egypt and 214 TMT to Turkey, say APK-Inform.

Freight rates falling 44 percent in the past 12 months is helping Russian wheat to travel to long-haul destinations such as Southeast Asia and southern Africa, say Bloomberg.