Russian Grain Exports Buoyant
During the first four months of a new agricultural year (July-October), Russia exported nearly 10 mln tonnes of grain as opposed to 13 mln tonnes of all previous agricultural year.
Comparing the first three quarters of 2008 with a year ago however, things look quite different. Russia actually shipped 20% less wheat in the period January-September 2008 compared to the same period of 2007, the Federal Customs Service (FCS) said in a statement.
Russia exported 6.6 million tonnes of wheat for a total of $1.782 billion in January-September 2008 compared to 8.02 million tonnes for $1.8 billion in the first nine months of 2007. The reduction was the result of an export duty on wheat that remained in effect until June 30, the agency said.
Comparing the first three quarters of 2008 with a year ago however, things look quite different. Russia actually shipped 20% less wheat in the period January-September 2008 compared to the same period of 2007, the Federal Customs Service (FCS) said in a statement.
Russia exported 6.6 million tonnes of wheat for a total of $1.782 billion in January-September 2008 compared to 8.02 million tonnes for $1.8 billion in the first nine months of 2007. The reduction was the result of an export duty on wheat that remained in effect until June 30, the agency said.
