date:Mar 19, 2014
Russian analytical firm SovEcon has raised its 2013/14 grain export forecast thanks to a weaker local currency and concern over Ukraine, it said on Monday. Turmoil in Ukraine, one of the world's key grain exporters via the Black Sea together with Russia, is supporting global commodities prices.
The rouble's decline, higher global prices and possibly weaker competition from Ukraine cause strong support for (Russian grain) exports during the spring, SovEcon said. It has raised Russia's grain exp