Saturday 16 December 2017

Russian wheat exports still 'not feasible'

Russia may extend its ban on grain exports until next July.

Deputy Prime Minister Viktor Zubkov said yesterday that the resumption of exports was "not feasible". Global wheat prices skyrocketed after Russia announced the ban in August following the hottest summer on record and fires that devastated the country.

Mr Zubkov said this year's harvest would not exceed 66 million tonnes, below the country's annual need of 77 million.

His comment, reported by the RIA Novosti news agency, follows statements by President Dmitry Medvedev that Russia may lift the ban after harvest figures come out later this year.

Last year, Russia was the world's third largest wheat exporter.

Irish Independent

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