MOSCOW: Russia, the world's largest wheat exporter, plans to cut wheat exports in the new 2019/20 marketing season starting July 1 by 1 million tonnes due to higher domestic demand, Deputy Agriculture Minister Oksana Lut said on Thursday.
Russia will be able to export 45 million tonnes of grains in the 2019/20 season, including 36 million tonnes of wheat, Lut told a gathering of Russian grain exporters.
Russia is expected to export 44 million tonnes of grains, including 37 million tonnes of wheat, in the current 2018/19 season, she added.
"Wheat (export estimate) is declining slightly as we saw a growth in consumption in the country last year, while the plans for production growth are declining," Lut said, referring to the 2019/20 season.
Securing enough domestic supply is the agriculture ministry's main objective, she said.
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