Baku, Azerbaijan, Aug.7 / Trend, S.Suleymanov /
Kazakh grain yields Russian grain on amount of supplies to the Egyptian market, Food Contract Corporation managing director on commercial issues Daulet Uvashev said.
"Today 50 percent of the Egyptian market consist of the Russian grain. Last year, our northern neighbors received a good harvest, and therefore it was preferable to buy grain from Russia for prices, and delivery to Egypt," Uvashev said.
According to him, in 2010 the Russian grain continues to preserve its position in the Egyptian market.
"Russian companies have already won two tenders for the supply of their grain to Egypt in the amount of 360,000 tons," Uvashev said.
The Kazakh President Nursultan Nazarbayev said that, despite the current difficulties, the export potential is 8 million tons in the 2010-2011 marketing year.