Los precios del trigo se estabilizaron esta semana después de que el gobierno ruso disipó los temores de exportación al indicar que recurrirá a sus reservas de cereales para satisfacer la demanda de sus socios comerciales.
Russia is experiencing its worst drought in 120 years, and the severe conditions have all but decimated the country’s grains. The country’s agriculture ministry is expecting a 75-million-tonne shortfall this year, but much of it is reportedly used for animal feed.
Rusia tiene más de 21 millones de toneladas de existencias de cereales, dice el Ministerio de Agricultura, lo que es suficiente para satisfacer la demanda interna y también satisfacer sus compromisos de exportación.
The drought has hampered Russia’s initiative to rival the US as a significant producer of the world’s food, which is a policy that the country is expected to redouble once the weather becomes for favorable. As Russia examines its policies and the status of its farmers for the 2011/12 growing season, subsidies and/or inexpensive loans could drive greater demand for inputs as the country tries to replenish its food stocks.