Russian grain exporter group Monday said their members are putting forth ideas to reduce grain settlement transaction costs on Egyptian wheat payments. The group said they expect Egypt\'s new grain import entity, Mostakbal Misr, to keep letters of credit from major Egyptian banks as part of the process to lower the costs.

<div class=\"default-font-wrapper\" style=\"line-height: 1;font-size: 12pt; font-family: Verdana, Geneva, sans-serif;\">Russian grain exporter group Monday said their members are putting forth ideas to reduce grain settlement transaction costs on Egyptian wheat payments.  The group said they expect Egypt\'s new grain import entity, Mostakbal Misr, to keep letters of credit from major Egyptian banks as part of the process to lower the costs.</div>