Prime Minister of Russia Vladimir Putin signed an order establishing the United Grain Company (OZK), which will become the largest exporter of domestic grain. That was reported by RIA Novosti.

OZK will be established on the basis of the state JSC Agency for the Management of the food market (OJSC APR), which are 100 percent is in federal ownership. Prior to November 1, the Ministry of Agriculture and the Ministry is mandated to develop a strategy for development OZK in the years 2009-2012

In 2008, the Ministry of Agriculture proposes to transfer the balance APR 28 shares of companies with gosuchastiem, including Novorossiisk bakery and six elevators. In summer 2008, the value of these assets was estimated at 300-400 million dollars.

expected that by the years 2011-2012 the share of OAO APR will fall to 40-50 per cent of total exports of grain from the country, which will reach 25-30 million tons.

According to the Ministry of Agriculture, in the 2007-2008 agricultural year, Russia exported 12.65 million tons of grain to 4,5-5,5 billion dollars. In the 2008-2009 agricultural year, the volume of grain exports from Russia exceeded 17 million tons, more than a record set in 2002-2003, when Russia exported 15.8 million tons of grain.

most grain in the world export U.S. (projected - 77 million tons) and EU (28 million tons). Ukraine also exported more than 20 million tons, therefore, Russia will finish the year in fourth place in the world in grain exports.

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