IKAR in Mass Media

Russia bans 2 U.S. crops, cites quality

16 февраля 2016 года

Russia on Wednesday banned U.S. corn and soybean imports, saying shipments are often contaminated with fungus or other infections, and certificates guaranteeing quality are inaccurate.

The grains will be barred starting Monday, said Alexei Alekseenko, a spokesman for Russian agricultural agency Rosselkhoznadzor. U.S. export documents are "misleading" on the quality of often-infected shipments, he said. Corn shipments are contaminated with diplodia fungus, the agency said, without specifying the infections affecting soybeans.

Russia will buy more South American soybeans, Alekseenko said by phone from Moscow. "We are forecasting an increase in their supplies, while domestic production will also rise."

Russia imports more than 1.1 million tons of soybeans a year, according to the U.S. Department of Agriculture. Shipments of U.S. corn to Russia are "insignificant," said Dmitry Rylko, director general at Russia's Institute for Agriculture Market Studies.

Worldwide soybean trade may be 129 million tons in the 2015-16 marketing year, the International Grains Council estimated last month.

Source: Bloomberg | #cereal #grain | Comments: 0 Views: 85

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