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Russian Grain Union proposes export subsidies

The Russian Grain Union has asked the government to provide export subsidies to help the country’s suppliers overcome the global financial crisis and make the most of the best crop in 15 years, the union’s head said Nov. 13.

Arkady Zlochevsky told Reuters Russian grain exports would reach 12 million tonnes between July and December 2008, almost as much as the country exported in the 2007-08 season.

“Beyond that, everything will depend on what measures are taken, including export subsidies,” he said in an interview.

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