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Russia's Economy Ministry Backs Limiting Grain Exports

Would limit Russian grain exports to 7 million tonnes from April through June

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Russia’s economy ministry is backing a proposal made by the agriculture ministry last week to limit Russian grain exports to 7 million tonnes from April through June because of the coronavirus pandemic, it said on Monday.

According to a report at Reuters, while the proposal is unlikely to have much initial impact, as 7 million tonnes is roughly what Russia was expected to export in the last quarter of the 2019/20 season, the move has raised expectations tougher steps may follow, traders said.

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