Russia may abolish grain export quota

Russia, the world’s largest wheat exporter, is considering abolishing its grain export quota.

Russia, which usually sets up grain export quotas from mid-February through the end of June to ensure its domestic needs, has produced its largest grain crop ever in 2022 at an estimated 150 million tonnes, including more than 90 million tonnes of wheat, which also would be a record.

“The harvest is big, so, in principle, probably, yes, there are no prerequisites to impose any quantitative restrictions at the moment,” Viktoria Abramchenko, Russia’s deputy prime minister, told Interfax.

Tags: grain, barley, wheat, Russia, corn