In July, Turkey reduced the import volumes of grains, including grains of Russian origin, but the fall of supplies was not caused by political tensions in the country, the Deputy Director of the strategic management department at Rusagrotrans CJSC, Igor Pavensky declared.
According to him, Turkey continues purchasing grains on foreign markets, despite domestic instability and reduction of the national currency rates. But rising costs and falling of the global prices for grains led to the fact that some Turkish companies started asking about some discounts on the previously concluded contracts.
Pavensky added that the reporting factor made Rusagrotrans analysts reduce the forecast of Russian grain exports in the current month. The updated forecast lowered to the level of 2 million tons, against the previous estimations at 2.5 million tons. In particular, wheat volumes will reach 1.4 million tons, and barley – 0.6 million tons.
In addition, the forecast also declined due to some unwillingness of Russian grain producers to cut down prices in correlation with the fall of export prices and limited supply of high-quality wheat. However, the export shipments of grains from Russia started growing, Pavensky concluded. (APK-Inform/Business World Magazine)