A stable exchange rate of the ruble makes it harder to increase Russian grain exports 2016/17. Analysts expect the largest grain crop in the Soviet era.
In the marketing period end to end had low crude oil prices and Western economic sanctions for the Ukraine crisis sinking the Ruble rate leave and so allows to place a record amount of grain on the world market.
The SovEcon consultancy says a grain export in the same amount is required, to domestic prices do not come under pressure to leave, in a release. SovEcon expects this year a Russian wheat crop of 64.5 million tons; 61 million tons were harvested in the previous year.
Lower grain quality expected in addition represents a risk for Russia's exports in the coming season as a result of the many rains in recent weeks. In addition, it is uncertain how to handle Moscow in the next marketing period for floating export customs.
In July, Russia 2 to 2.5 million tons will export grain, so SovEcon. The company estimates that dealers will use already contracts were scheduled for delivery in August and September.
SovEcon prized Russian grain exports included flour exports to 34.5 million tons. It was 30.9 million tons in 2014/15. The Russia's export statistics show a grain export amounting to 1.99 million tons for may, 2.43 million tons In April.
