MOSCOW (dpa-AFX) – Russia, as a major grain exporter, is temporarily restricting the export of wheat, barley and rye, among other things. This is intended to secure demand in the country and prevent processors and consumers from raising prices, said Deputy Prime Minister Viktoria 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. The stop applies to sugar and sugar raw materials 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 can lead to massive price increases on the world agricultural market./fko/DP/nas
