Russia grainAs per recent report, it has been indicated that rice exports from Russia decreased by 67% in the current season. In July-November 2015 Russia exported 35.4 KMT of rice compared with 102.7 KMT during the same period last year. It should be noted that in 2015 rice production was 5.8% higher than a year before. Reduction of purchases from Russia by the main importers of rice was the key reason for such developments. In this regard, Turkmenistan reduced rice imports from Russia by nearly 30% during the mentioned period, while Turkey, being the largest importer of Russian rice, reduced purchases by approximately 89% – to 7.4 KMT in July-November of the current season as compared with 66 KMT during the same time period in the 2014-15 marketing year.

Further, it is most likely, Turkey who has switched to other rice markets. In the 2014-15 seasons, the share of Russian rice in total imports byShanti Agro Industries Pvt. Ltd. Turkey was more than 40%. According to USDA estimates, Turkey will not cut rice imports in the 2015-16 season, however, on the contrary, it is going to increase import shipments by 4%.