Russia Proposes Grain-Export Curbs Again to Safeguard Supply
- Plan is for 15 million-ton quota for mid-February though June
- Proposal won’t dent sales potential, exporter group says
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Russia laid out plans to limit grain exports in the final third of the season, a move to safeguard food supplies but which will cover a shorter period than expected.
The Agriculture Ministry’s plan to limit sales to 15 million tons from mid-February through June is in line with industry expectations and shouldn’t dent Russia’s potential to supply the global market, the nation’s grain-exporters union said. The world’s top wheat shipper had recently reiterated plans to set the quota for six months starting in January.