Russia: No grain purchase from exporters


In view of present situation with exports of grains in Russia, group of exporters stopped purchase of grains for export. Reasons are high prices of grain in local Russian market and current export limitations.  As informed earlier, Russian government measures to restrict exports due to lot of

internal issues in Russia by sanctions, in form of strict export quality controls related to destination markets and tighter railway grain loadings. Everyone expects situation to cool down but can it be so? Internal worries are now most of the concern for Russian authorities, to keep local domestic prices low and supply high. This will slow Russian goal to become major exporter of grains but also hinder their credibility as reliable exporter.