Russia orders restrictions on grain exports

RUSSIA / FSU POLITICS - In Brief 05 Apr 2020 by Alex Teddy
On April 2 Russia legally limited the amount of grain that can be exported. This will apply to wheat, maize, barley, rye and a mixture of them called meslin. Only 7 million tonnes of the foregoing can be exported. The export limits exclude Kazakhstan and Belarus since they are in a customs union with Russia. Russians can export as much as they like to these two countries. The new rule comes into force on April 8. In the farming year 2018-19 Russia exported 35 million tonnes of wheat and 43 million tonnes of all types of grains. The price of these commodities will rise as a result of the new restrictions. Russia is introducing these restrictions because of fears about food supply. The fall of the RUB also means imported food is more expensive. But with oil prices at rock bottom the loss of more foreign exchange from wheat and grains exports will hurt the economy even more.

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