Grain stockpiles in Russia, the leading global exporter of the
commodity have dropped around 30% in the past year as of March 1 2013.
The inventories of the foodgrains slipped to 20.4 million metric tons
from 29 million tons a year earlier, stated the Moscow-based Federal
State Statistics Service, according to media reports. Of these
inventories, the large agricultural producers are holding 10.3 million
tons as compared to 14.8 million tons a year ago while procurement and
milling companies had 10.1 million tons, down from 14.2 million tons.
Procurement and milling companies had about 6.7 million tons of wheat
stockpiles, down from 10.5 million tons a year earlier.
Source by Commodity Insights
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