Louis Dreyfus will stop supplying Russian grain
The Russian Ministry of Agriculture has received a notice from the Russian subsidiary of Louis Dreyfus Company (LDC), one of the world’s largest suppliers of agricultural products, about stopping grain exports from Russia starting July 1, 2023.
“The Ministry of Agriculture of Russia has received a notification from Louis Dreyfus Company Vostok LLC saying that it will stop exporting grain from Russia starting July 1, 2023,” the press service of the ministry told RIA Novosti.
They also noted that at the present time the company is studying the possibility of transferring the existing Russian business and grain assets to new owners.
Last week it was announced about its plans to stop grain export from Russia for the next agricultural season (since July 1, 2023) two more major international exporters – American Cargill and Canadian Viterra. It was also reported that ADM is also thinking about withdrawal from the Russian market.
Read also
Romania proposes joint NATO command to protect the Black Sea
Drought in India threatens sugar and biofuel production
Record sunseed harvest in Russia threatens to drive down prices in Kazakhstan
Corn drying costs in Ukraine could exceed the value of the grain at current prices
Oilseeds remain the only profitable segment of crop production in Russia
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon