Russia seeks ways to dispose grain stocks
English
(c) 2010 Xinhua News Agency
MOSCOW, May 19 (Xinhua) -- Russian budget suffers huge losses because of the surplus of grain the state granaries have to keep, Moscow's business daily Kommersant reported on Wednesday.
Prime Minister Vladimir Putin ordered his deputy Victor Zubkov "to think about the very daring ideas" on where to dispose those excessive stocks.
The keeping of grain stocks costs federal budget nearly 1 billion rubles (about 30 million U.S. dollars) per month.
Putin offered his deputy to develop the scheme of state interventions on the grain and food markets.
In 2010, the federal stocks consist of 10 million tons of grain. In 2008, the grain stocks amounted 2.5 million tons. Stocks rose because the state purchased the crops from the farmers but failed to sell it by existing market price in 2009. Russian Ministry of Agriculture said it looked for the buyers of grain in Cuba, Turkey, Egypt, Brazil and other countries.
In 2010, the ministry forecast the grain harvest will be 97 million tons, the same level of 2009.
23.05.2010, 2601 просмотр.
