7 Sep 2012 12:23

Russia's annual grain exports could grow to 40 mln tonnes by 2020 - Putin

RUSSKY ISLAND. Sept 7 (Interfax) - Russia may annually produce 120 million - 125 million tonnes of grain by 2020, while grain exports could reach 35 million-- 40 million tonnes, each year, said President Vladimir Putin.

"According to expert estimates, Russia will produce 120-125 million tonnes of grain annually by 2020. This will increase its export capabilities by about 30-35 million tonnes, or even 40 million tonnes," he told the Asia-Pacific Economic Cooperation forum's business summit.