Russia’s Grain Exporters Want Foreign Traders Out of Its Market
The Russian grain industry has grown increasingly consolidated after Western merchants pulled back.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia’s union of grain exporters called for foreign traders and intermediaries to be ousted from the country’s export sales, as Moscow continues to try and tighten its grip on flows.
“The Union of Grain Exporters does not see the economic feasibility of attracting foreign traders and assorted intermediaries to supply Russian grain to international customers,” the group said on Telegram, adding that it had the support of the country’s agriculture ministry in its efforts. The ministry didn’t immediately reply to a request for comment.