Russia is the world’s largest wheat exporter. Now the country is restricting the export of grain – with a few exceptions.
As a major grain exporter, Russia is temporarily restricting the export of wheat, barley and rye, among other things.
This should secure the demand in the country and prevent price increases for processors and consumers, said the responsible Deputy Prime Minister Viktorija Abramchenko on Monday in Moscow.
In principle, an export stop for wheat, rye, barley, corn and mixed grain, so-called meslin, applies from this Tuesday until June 30th. “Grain exports within quotas based on individual licenses are permitted,” Abramchenko clarified. For sugar and sugar raw materials, the stop applies until the end of August.
There should be exceptions for exports to the Eurasian Economic Union, which is dominated by Russia, and to the separatist republics of Donetsk and Luhansk, which were split off from Ukraine.
Russia is the world’s largest wheat exporter. Neighboring Ukraine, against which Russia is at war, is also an important producer. According to experts, disturbances in grain exports from both countries could lead to massive price increases on the world agricultural market.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
