Russian government officials were at odds over the key global wheat supplier’s policy on grain exports, after the economy minister warned on Friday that restrictions could come if domestic prices continue to rise after a severe drought. "The issue of a grain export ban is one of domestic grain price dynamics. We are witnessing such
Russia’s economy minister, deputy PM at odds on grain export curbs
Ukraine to follow suit if Russia limits grain exports
Any effort by drought-stricken Russia to restrict grain exports is likely to provoke a similar move by neighboring Ukraine, leaving markets bereft of supply from two major Black Sea producers at a time when dry weather has slashed grain supply from India to Indiana. Importers moved swiftly to secure supply as the harvest outlook took
Weather to favour late Black Sea crops
Mild temperatures and rain early next week are likely to partially restore grain yields in part of the Black Sea region, forecasters said on Friday, raising hopes for stronger crops and exports from Russia, Ukraine and Kazakhstan. Wheat production from the three Black Sea-region producing countries, which normally supply a quarter of world wheat export