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Russia to Set Up New Grain Exporters' Union

Union will help better understand the needs of the market

Russia 112721 1280

Russia’s agriculture ministry will set up a new grain exporters’ union to better understand the needs of the market, it said on Monday after its routine meeting with local grain traders, reports the Manitoba Co-Operator.

The new union will be created by around April, when the ministry plans to start discussing grain export plans with traders for the 2019-20 marketing season which starts on July 1, it said.

The ministry also said it did not plan to impose any restrictions on grain exports, keeping its forecast for Russia’s 2018-19 grain exports at 42 million tonnes, including 37 million tonnes of wheat.

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