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.
Russia, which has been at war with Ukraine after invading the neighboring country in late February, has had trouble exporting its grain crop, in part due to sanctions imposed by NATO countries in response to the invasion.
“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.
Read also
Turkey to offer 500 thsd tons of wheat for export after record harvest
Russia refuses to discuss de-escalation in the Black Sea – Zelenskyy
Brazil’s sugar production to rise 14% in 2027/28 — Rabobank
Jordan issues tender to purchase 120 thsd tons of barley
Coming Up in UkrAgroConsult Reports: Key Market Signals
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon