MOSCOW, September 26 (RIA Novosti)
- Grain Prices at Post-Soviet Record
- Drought Lowers Russian Grain Forecast to 75 Mln Tons
- Russia to Double Grain Exports by 2020 - Putin
- No Restriction on Grain Export in Future – Dvorkovich
- Russian Grain Harvest Falls to 75 Mln Tons - Minister
The Russian government will decide next week when to launch intervention in the grain market,Deputy Prime Minister Arkady Dvorkovich confirmed, saying “intervention could start as early as October.”
Dvorkovich said that although the consensus seems to be that this could wait, some experts believe action should be taken now. He added that different scenarios – intervening nationwide or taking a more targeted approach to hard-hit regions – were being considered.
He stressed that the government has no plans to place an embargo on grain exports to control prices.
Grain prices in Russia this year hit record highs. Russian grain producers’ unions have lobbied for intervention to be postponed until spring 2013.
Russia cut its grain harvest forecast this year following a summer that saw drought across a number of regions.
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The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.