Russia and Kazakhstan plan to create joint grain exchange.

By bne IntelliNews April 12, 2010
Russia and Kazakhstan are in talks to set up a joint grain exchange, Russian deputy agriculture minister Alexander Belyayev stated. He added that along with the creation of a new trading floor, Russia will build a new grain terminal in the Far East and expand opportunities for rail shipment of grain to reduce tariffs for grain producers. He also added that it is extremely important for Russia to develop the National Union of Grain Producers to boost trade on foreign markets, as this association conducts all talks on the European and Asian markets. Significantly, most of Kazakh grain is exported via the Russian territory, mainly through the grain terminal in Novorossiysk .

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