Home / Markets / Markets Analysis / Corn market / Russia export message mixed

Russia export message mixed

09/21/2012 @ 6:46am

Russia isn't planning to limit grain export from the country, Russian Deputy Prime Minister Arkady Dvorkovich told reporters Friday.

"No limiting measures for the agricultural market will be taken," Mr. Dvorkovich said. "This is pointless, aimless and does not change the market situation as it leads to additional growth of world [grain] prices," he said. "Government policy remains the same. Export will happen in a normal regime taking into consideration that the situation is developing predictably and there will be no major commotion," he added.

Earlier Friday Economy Minister Andrei Belousov said Russia may limit grain exports this autumn if domestic prices rise sharply.

"The question of shutting off the export of grain is one of the dynamics of the domestic price for grain. We are currently monitoring that trend. Given such trends, it's entirely possible that the government will decide to limit exports," Mr. Belousov was quoted as saying.

Write to Olga Razumovskaya olga.razumovskaya@dowjones.com

(END) Dow Jones Newswires

September 21, 2012 06:43 ET (10:43 GMT)

DJ Russia Deputy PM: Russia Has No Plans to Limit Grain Export->copyright

CancelPost Comment

Drought Punishes Kansas Wheat Crop By: 04/24/2014 @ 8:51am Drought in Kansas intensified in the week through April 22, according to the U.S. Drought…

CME Ups Soybean Price Limit to $1 By: 04/23/2014 @ 10:15am CME Group Inc. plans to change the way it sets one-day price limits in the trading of corn…

Ukraine's Farmers Miss Benefits of… By: 04/23/2014 @ 10:07am Wheat prices in Ukraine in the local currency, the hryvnia, have hit a historic high due to…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Bill 2014 Timeline