Speaking to parliament's upper house, Alexei Gordeyev said that this year was witnessing the largest grain harvest since 1992, with the 2008 crop expected to exceed 100 million metric tons in net weight.
"Domestic demand for food grain and animal feed will be completely met as a result, and possible exports are estimated at 20 million tons," the minister said.
He said there were good prospects for exporting grain to China, although he noted that Russia was not yet on China's imports list, traditionally dominated by the United States, Canada and Australia.
The minister said China imports around 6 million tons of grain annually.
"We are planning to develop the eastern direction in grain exports," Gordeyev said, adding that this could lead to Siberia using fallow lands to increase its output.
According to Russia's Federal State Statistics Service, Russia exported almost 17 million tons of grain in 2007, 49.5% more than in the previous year.
Gordeyev said that Russia's agricultural output increased 6.5% over the first nine months of 2008, seeing a 9% increase for crops and 4% for livestock.
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In light of the present situation in the Middle East, Russia and Israel find themselves facing common challenges. Under these newly emerging situations, Russia sees its partnership with Israel as a potential asset in resolving acute regional issues. From a Russian perspective, the compatibility of Israeli and Russian interests could contribute to such a partnership.