The Ministry believed that export grain stocks will allow to avoid growth of prices for products in Russia, reducing government spending on maintenance of reserves 2008-2013. The share of grain reserves for these years is estimated by the Ministry in 523,8 million tonnes, the cost is at least 2.6 billion rubles.

The decision to sell will take into account the rate of harvesting, the state of the international and domestic markets.

However, not all experts agree with the initiative of the Ministry of agriculture. Some believe that export will increase the pressure on port and logistics facilities, creating competition among exporters and increase government spending on the delivery of grain from Siberia to the South terminal.

The President of the Russian grain Union Arkady Zlochevsky considers that the export of stocks is the only opportunity for relief intervention Fund.

"Sales to the domestic market will only worsen the situation with prices that are under pressure due to excess supply", — he said.

Since the beginning of the season Russia exported 591 tons of grain, which is 1.2% more than in the same period last year. We will remind, the idea of export of reserves from the intervention Fund in June conceptually supported Deputy Prime Minister Arkady Dvorkovich.

Photo: Investing.com