Russia proposes Kazakhstan, Ukraine to coordinate grain policies
08:56, 8 June 2009
St PETERSBURG. June 8. KAZINFORM Russian agricultural authorities make a proposal to Kazakhstan and Ukraine to coordinate policies in what concerns expansion to the world market of grain, Agriculture Minister Yelena Skrynnik said here Sunday as she addressed a business forum on the place and role of the Black Sea area in ensuring stability of the world market; Kazinform refers to ITAR-TASS.
Exports of grain from Russia are expected to reach 40 million tons to 50 million tons a year in the next ten to fifteen years and this country?s market share will thus grow to 20%, Srkynnik surmised.
She said at the same time that the share of wheat exports from leading CIS countries may come to 30% to 35% in the future.
?Considering this, I propose Kazakhstan and Ukraine to conduct coordinated policies in terms of expansion on the world market,? Skrynnik said.
The setting up of a pool of exporters like this one will help scale down the volatility of prices on the international market of grain and their dependence on speculative factors, as well as create a mechanism of inter-state management of grain resources; Kazinform cites ITAR-TASS.
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