Russia Grain Export Warning Seen by Ikar Accelerating Sales

Dmitry Rylko, the general director of the Institute for Agricultural Market Studies, known as Ikar, comments on Economy Minister Andrei Belousov’s warning that the government may consider grain export curbs. Deputy Prime Minister Arkady Dvorkovich was later cited by Interfax as saying there were no such plans.

Rylko spoke by phone from Moscow today.

“This was kind of ringing a bell to grain owners.”

“There won’t be any wild changes in the market. But the wish to get rid of grain will increase among agricultural producers in the south after such comments.”

“This could push many people to sell grain more quickly and not to delay sales.”

On the possibility the government will sell grain from stockpiles to control domestic prices:

“The government may theoretically announce such sales in the east, because this territory is far from export markets and the local situation is tough.”

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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