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Russia to Export Up to 2 Million Tons of Grain a Month to July

Russia will probably export 1.5 million metric tons to 2 million tons of grain a month until the end of this marketing year, Agriculture Ministry said.

Russia’s grain exports rose to 20.6 million tons as of yesterday from the start of the season on July 1 last year, Sergei Sukhov, head of the ministry’s market regulation department, said in an e-mailed response to questions.

Total grain exports are seen at a record 27 million tons to 28 million tons this season, according to ministry forecasts. The 2012-13 estimate of 25 million tons “will be corrected later, taking into account all factors,” he said.

Sukhov declined to estimate winter crop losses, saying that before the winter season started in December, 94 percent of grains were in “good and satisfactory” condition. “We will be able to make conclusions about winter grains after the snow melts,” he said.

The thaw comes in March and early April in Russia’s southern and central regions, according to Federal Hydrometeorological Center data.

Farmers are likely to harvest at least 90 million tons next season, including 55 million tons to 57 million tons of wheat, Sukhov said. The ministry will prepare a more precise forecast after reviewing the condition of winter grain, he said.

In the 2011-12 season, Russia harvested 93.9 million tons of grain, including 56.2 million tons of wheat, according to state statistics data.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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