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Russian Railroad Grain Backlogs Won’t Benefit U.S., Trader Says
01.09.2011 18:04 "Agro Perspectiva" (Kyiv) —
The grain backlog at the southern port of Novorossiysk, Russia’s main export hub, is unlikely to benefit trade from the U.S., said Peter Biermann, general manager of export operations at Aston FFI, a trading unit of Russian grain and oilseed producer OAO Aston. He commented in an e-mail today.
OAO Russian Railways, the country’s railroad monopoly, banned further grain loading for Novorossiysk port from Aug. 27 after a backlog of more than 3,600 grain cars developed in the area. Russia exported 4.8 million metric tons of grain and products in the July 1 to Aug. 22 period, according to the national food safety watchdog Rosselkhoznadzor.
"I don’t think that the U.S. will benefit from the rail-car backlog we face in Novorossiysk. There is still the price attractiveness of Russian wheat and the export surplus. ‘‘What could happen is that the exports will take a longer time and might therefore last until the end of the campaign - June 2012.’’
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