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Talks on Russian grain supplies to China enter final stage — minister

November 12, 2014, 12:55 UTC+3 MOSCOW
Russia and China are currently agreeing phytosanitary standards, the agriculture minister said, adding the issue could be resolved within several months
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© ITAR-TASS/Dmitry Rogulin

MOSCOW, November 12. /TASS/. Talks on Russian grain supplies to China are at the final stage, Russian Agriculture Minister Nikolay Fyodorov said on Wednesday.

“Now we’re practically at the final stage of these talks,” the minister said.

Russia and China are currently agreeing phytosanitary standards, the agriculture minister said, adding the issue could be resolved within several months.

Russia’s agribusiness set for record grain harvest

Russia’s agribusiness is set to gather a record grain harvest this year, which will help fully meet the country’s requirements and boost export sales, Prime Minister Dmitry Medvedev said in October.

“Data of the Agriculture Ministry show that almost 100.5 million tons of grain have been thrashed by now. This is an interim result but I can say this is almost a record result,” the Russian premier said.

Final data on the new grain harvest are expected to be even higher, which will allow Russia to fully cover internal requirements and “create very good export potential,” the premier said.

Russia’s grain harvest is expected to hit 104.2 million tons in net weight this year, which will help ensure internal consumption of up to 70.3 million tons and boost the export potential to 30 million tons of grain.

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