Russian grain exports may decline

Russia during the financial year beginning in July, can export less grain, because the grain yields will be lower than last year's.

Russia is the world's third-largest grain producer, about 60 percent of the grain yield is wheat.

The SovEcon, the largest Russian research institute estimates that in the financial year beginning in July, Russia will export 22 million tonnes of grain, instead of the current 24.1 million tonnes. (tozsdeforum.hu, MTI)