Russian grain company Pava has said it aims to raise €200m ($314m) through a London listing this year as agriculture companies consider flotations to capitalise on soaring food prices while volatile markets continue to deter most issuers.

Pava said it intends to list global depositary receipts on the London Stock Exchange's junior Alternative Investment Market and will use the capital raised to expand production capacity to meet growing demand for grain from food and biofuel producers.