Nikolai Fedorov learned as a boy selling radishes in a street market in the former Soviet Union that when rivals showed up he had to cut prices. Now as Russia’s agriculture minister he has to instill competition in the nation’s 17.8 million farmers while weaning them off subsidies.
Russia may stop selling stockpiled grains through the main exchange soon because the sales have reduced market prices by 10-15 percent, which was the government’s aim, Agriculture Minister Yelena Skrynnik said today.
Russia loaded 1.5 million metric tons of grain for export from July 1, some 30 percent more than a year earlier, Agriculture Minister Yelena Skrynnik said in an interview with state-run newspaper Rossiyskaya Gazeta.
Russia plans to increase the area sown with spring grains by 5 percent to 30 million hectares (74 million acres) in 2011 to compensate for a reduction in winter- crop planting and will try to resume exports, Interfax reported, citing Agriculture Minister Yelena Skrynnik .