Major foreign grain exporter to stop buying Russian grain

RUSSIA / FSU POLITICS - In Brief 29 Mar 2023 by Alex Teddy
On March 29 Cargill Russia announced that on July 1, 2023, it will cease the export of grain. Cargill is a major world agricultural commodity trader. The company has informed the Russian Ministry of Agriculture. Cargill is due to export 2.2 million tons of grains by July 2023. That is 4% of Russia's total grain export. Cargill is the 6th largest exporter of Russian grain. RBC speculated that the Russian government twisted Cargill's arm into ending its operations.  Uralchem (a fertilizer company) wants to buy Cargill's Russian operations. Cargill also has assets in other food sectors, industry and finance. Grain is a fairly important export for Russia behind hydrocarbons, arms and metals.

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