Russia suspends grain exports until July 1

Agence France-Presse

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Russia suspends grain exports until July 1

AFP

The Russian agriculture ministry says it already 'fully exhausted' export quotas for certain grains, prompting the suspension

MOSCOW, Russia – Russia, the world’s largest wheat exporter, is suspending grain exports, including wheat, rye, barley, and corn until July 1, the ministry of agriculture said on Sunday, April 26.

In early April, the government introduced export quotas for certain grains until the end of June but these were “fully exhausted” by Sunday, the ministry said in a statement.

“After exporting all grain declared under the quota, the export of wheat, meslin, rye, barley, and corn to non-member states of the Eurasian Economic Union will be suspended until July 1, 2020,” the statement said.

The Eurasian Economic Union groups Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia.

Global bodies, including the World Trade Organization and the World Health Organization, have warned countries against imposing export restrictions that could interrupt the global food supply chain as the coronavirus pandemic causes massive economic upheaval.

Moscow said its earlier quotas were introduced to ensure the stability of the national market.

Sunday’s statement made no reference to the coronavirus crisis.

In the agricultural year 2018-2019, Russia exported more than 35 million tons of wheat and 43.3 million tons of all grains, according to RIA Novosti news agency. – Rappler.com 

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