Russia, the world’s largest wheat exporter, may abolish its grain export quota that it usually sets in the second half of the July-June marketing season, the Interfax news agency reported, citing Russia’s deputy prime minister.
Russia supplies its wheat to Africa and the Middle East and usually sets grain export quotas for the period from mid-February and until the end of June to secure enough supply for domestic needs.
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“The harvest is big, so, in principle, probably, yes, there are no prerequisites to impose any quantitative restrictions at the moment,” Viktoria Abramchenko, who is in charge of the agriculture sector in the government, was quoted as saying by news service Interfax.
Russia is on track to harvest a record grain crop of 150 million tonnes, including 100 million tonnes of wheat, in 2022, according to President Vladimir Putin’s forecast.
