The Grain Game Continues as Russia Re-enters the Market…

Russia Profile06/01/2011On July 1 Russia will not renew its export ban on grain products that has been in place since August 2010, Vladimir Putin told reporters on May 28. The possibility of an additional 15 million tons of grain for the world market, as some have projected, would come at an important moment when American and European countries are facing poor harvests and the world market is looking for additional supplies. While analysts are optimistic about grain exporters’ reentry into foreign markets, obstacles include possible future tariffs and export quotas, as well as questions about Russia’s future reliability as a grain exporter.

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