Russian barley exports in July-October were 1,635 Mill. tons. Total grain exports to-date are said to be 3.5 million tonnes, and the Moscow Ministry warned that there will be an export tax or quotas, once the maximum export target of 5 million tonnes is surpassed. Also in Russia stocks are becoming tight and markets are firm. We do not expect exports of barley to be higher than 2.0 – 2.2 million tonnes.

26 December, 2003