Russia has proposed a new organization to coordinate world grain trade should be created, the Russian Minister of Agriculture said Wednesday. The new organization has already been called Grain OPEC, as their structures have much in common.
      
      The minister noted that all countries of the world should balance their grain production and consumption in view of growing requirements for grain to produce bio fuel and supply industries. Thus, it is vital for grain-producing countries to coordinate their efforts in trade and production.
      
      Today a ton of food grain costs over 200 US dollars; Russia annually exports on average 12 million tons of grain, the amount of that for Ukraine is 10 million tons.
      
      sources:
      www.utro.ru
      www.lenta.ru