Russia selling more grain than the US, agriculture minister points out

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November 14, 2017 – Fort Russ News – Paul Antonopoulos

MOSCOW, Russia – Russian Agriculture Minister Alexander Tkachev said on Monday that Russia is beating the United States in grain sales making Washington take losses.

“I think that American farmers are feeling under the weather amid the huge harvest in Russia, which will be about 130 mln tonnes. On some markets, we’ve pushed the Americans aside, and certainly, they are suffering losses, so we’re just overjoyed about this,” the minister said, noting that this situation is favorable for Russia’s agricultural producers.

“Today, there is the task to make the price acceptable for all of Russia,” he said, stressing that 130 million tonnes is not the maximum figure. “It is most important to find new markets to sell to.”

According to The Wall Street Journal, the US Wheat Associates will be closing its office in Egypt because of the surge in Russia’s grain harvest.

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