Russian Grain Stocks/Exports

The Russian Institute for Agricultural Market Studies (IKAR) says that the country has exported 13.3 MMT of grain so far during the current marketing year, a fall of 500,000 MT on this time a year ago.

The Russian Agricultural Ministry says that the country will export 21.5 MMT of grains in the current 2009/10 season, 1 MMT less than was exported in 2008/09.

Meanwhile, the official state news agency ITAR-TASS say that Russia's grain intervention stocks currently stand at 9.5 MMT.

The Russian Agricultural Ministry recently said that it would change it's intervention system in 2010 to provide a "more sustainable price policy" - without detailing exactly what changes it would be making.