01 June 2004 05:51
Russian Grain Union not expecting price slump
MOSCOW. June 1 (Interfax) - There will be no slump in grain prices in Russia in the new agricultural year of July
2004 to June 2005, said Russian Grain Union President Arkady Zlochevsky.
Stable prices on the Russian grain market "will be supported by
the world market situation, which is not expecting a significant
"Prices will decline to follow the seasonal fluctuation, but there will be no dramatic decline as in the last
agricultural year," Zlochevsky told journalists in Moscow on Tuesday.
decline in prices in the near future," he said.
The Russian market currently depends much on the world market, and therefore prices will be quite firm, Zlochevsky
said. Domestic prices will also be determined by grain exports, he said.
Zlochevsky said the Agriculture Ministry's preliminary forecast that Russia could ship up to 4 million tonnes of
grain to the foreign market in the new season is feasible. Russia exported about 17 million tonnes of grain in the
2002-2003 agricultural year, and 6 million tonnes in 2003-2004. [RU EUROPE ASIA EEU EMRG GRA TRD] va tl <>
[Interfax] |
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