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Black Sea grain exporters face price pressure with big harvests
date:Jun 05, 2014
ding to its state weather forecaster.

This year's large harvest in Ukraine and the high crop in Russia will inevitably lead to greater competition in the region and add to pressure on global prices, Alexander Korbut, deputy head of Russia's Grain Union, told a conference in Gelendzhik, a town on Russia's Black Sea coast.

Both countries supply grain mainly to North Africa and the Middle East, competing with exporters including France and the United States. The 2014/2015 marketing year begins on

12/25 23:54