Russian grain lobby asks government not to curb exports – RTRS
MOSCOW, Dec 2 (Reuters) – A Russian grain industry lobby group has asked Moscow not to introduce restrictions on grain exports, saying it would be detrimental for the agricultural sector.
Russia’s Veterinary and Phytosanitary Surveillance Service (VPSS) said on Friday it was introducing new regulations that could result in a big drop in grain exports. (Full Story)
“The National Association of Exporters of Agricultural Products is worried about possible grain export restrictions in the current season,” the group told Russian Deputy Prime Minister Arkady Dvorkovich in a letter, a copy of which was obtained by Reuters.
“Any restrictions on agricultural production exports are harmful for the economy of any country, including Russia,” the letter dated Dec. 2 read.
The lobby group said that so far in the 2014/15 marketing year, which started on July 1, grain exports from Russia have reached 18.3 million tonnes. It expected December exports of 2.8 million tonnes and estimated the exportable surplus for the year at 32-33 million tonnes.
The association also said that it did not expect a further significant rise in grain prices on lobal markets thanks to a stable supply and demand balance. But, it added, prices could go up should Russia restrict imports.
(Reporting by Polina Devitt; writing by Vladimir Soldatkin; editing by Jane Baird) ((email@example.com; +7 495 775 12 42; Reuters Messaging: firstname.lastname@example.org))
Keywords: RUSSIA GRAINS/