Russia could suspend grain exports next month if export quota is reached

in food •  5 years ago 

Russian grain exports may reach the limits introduced by the government much ahead of schedule, bringing the shipments to a temporary halt till the end of June, the country’s agriculture ministry has said.

“The quota was introduced for the period from April 1 to June 30, 2020. After it is depleted, the supplies outside the Eurasian Economic Union will be stopped for this period,” Deputy Agriculture Minister Oksana Lut said on Friday.

Given the current pace, exports will be suspended in mid-May, the official said. As of Saturday, less than 4.2 million tons of grain remained available from the 7-million-ton cap.

FILE PHOTO: A field in the village of Ogur, Krasnoyarsk Region, Russia © Reuters / Ilya Naymushin

The deputy minister added that exceptions will not be made for any companies.

Moscow introduced the restrictions at the end of March in order to secure the domestic food market in the “current economic conditions” amid the coronavirus pandemic. According to the government decree, exports of wheat and meslin, rye, barley, and corn (except for grain seeds) should not exceed 7 million tons. However, the measures do not apply for member states of the Russian-led Eurasian Economic Union – Armenia, Belarus, Kazakhstan, and Kyrgyzstan.

Russia is the world’s biggest exporter of wheat, delivering more than 35 million tons to the global market in 2018-19. If the quota is reached before July, it will be the first time grain exports have been suspended by Moscow since 2010, when the country faced a severe drought that could have led to a sharp rise in food prices.

MORE ON RT

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

We can always blame the US and its NATO and non-NATO stooges for the shortage of food everywhere on the planet. Turkish army and their al-Qaeda terrorists invaded north of Syria, stole the grains from its silos, burned down the silos and then their US-sponsored Kurdish SDF partners in crimes went on burning wheat fields owned by farmers who refused to sell it at much below the cost prices and preferred to sell it to the Syrian government at the usual market prices.

image.png

Read: Syria’s Wheat Production Increased 140% This Season - Links included in the post show Kurdish militia burn wheat fields.

Before the current US-led War of Terror waged on Syria, the country had surplus in wheat enough for more than 5 years, was exporting much of the surplus and years ago when Tunisia faced a famine we gifted them 6 ships carrying quantities enough for them for a full year.

Israel does exactly the same with the Palestinians uprooting olive trees and destroying agriculture land to build illegal settlements for its imported European Jews, who are unwanted by their European own people to fullfil the anti-christ prophecy by gathering the Jews in one place and building the temple of the Anti-Christ in it.