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Russia may sell grain to Brazil, increase supplies to Egypt

August 27, 2014, 16:03 UTC+3 MOSCOW
Given good weather conditions, the grain harvest can amount to 104 million tonnes, Russia’s second largest ever
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© ITAR-TASS/Dmitry Rogulin

MOSCOW, August 27. /ITAR-TASS/. Russian grain can be sold to the Brazilian market and restore its position in Egypt, Russian Grain Union’s President Arkady Zlochevsky said in a news conference Wednesday.

“Egypt has cut grain purchases from Russia due to the change of the government. Now, apparently, the purchasing volumes will be restored,” Zlochevsky said.

After Egypt cut the purchases, Turkey became the major Russian grain buyer for the first time in 2013-2014 agricultural year. Farmers expect growth of Egyptian buyers’ interest in September-November, when the country’s government fulfills the domestic purchasing program and starts buying grain abroad, he said.

The union also expects Russian grain to get an easier access to the Brazilian market. Russia has not supplied grain to Brazil due to its unfavorable duties, which it agreed to decrease if Brazil raises meat supplies to Russia. Now the meat supplies have already grown due to the western sanctions, and Zlochevky thinks Brazil will reciprocate by easing conditions for the Russian grain.

Given good weather conditions, the grain harvest can amount to 104 million tonnes, Russia’s second largest ever, translating into an export potential is no less than 30 million tonnes.

The Agriculture Ministry grain harvest forecast stands at about 100 million tonnes, while on Tuesday the ministry said the country’s grain exports in the 2014-2015 agricultural year can hit a record of 27.5-30.0 million tonnes.

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