Russia, Ukraine, and Kazakhstan had formed a grain-pool to jointly promote their grain on the global market. The partnership is expected to be completed within six months. By joining together, the three countries will control over 20% of the world’s grain giving it leverage to compete with the U.S. and overtake smaller suppliers such as Argentina, Brazil and Australia. The three countries anticipate increasing grain production in 10-15 years to total 225-250 million tons. In the future a common policy of grain exports will be established for the three countries which will have an export potential of 70 million tons.
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