In the negotiations on the extension of the grain agreement, the Russian side needs to provide more competitive conditions for the export of agricultural products from the Russian Federation. Until recently, the cost of grain supply from foreign countries was significantly higher than that of Russian companies. opens The words of Vladimir Petrichenko, General Director of the “ProZerno” analytical center “Rossiyskaya Gazeta”.
On May 5, Moscow hosted a new round of negotiations on a possible extension of the grain deal. As a result of the business meeting, export restrictions on the export of agricultural products from Russia were not lifted. The article states that the next meeting will be held in Istanbul next week.
“All season Russia sells grain at a discount of $ 20-50 per tonne compared to our hostile competitors – this is a huge loss for us. But now the prices have evened out, but only because the competitors have started selling a new product and we are still selling the old one. Accordingly, under current conditions, the cost of grain will continue to fall, and in the new season (from July 1 – socialbites.ca) we will enter at even lower prices, ”Petrichenko warned.
May 6, Dmitry Rylko, Director General of the Institute for Agricultural Market Research (IKAR) declarationEven if the parties refuse to extend the grain deal, Russian and Ukrainian agricultural supplies will continue. This will be due to the continued decline in stock prices for grain.