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LDC to cease grain exports from Russia

Louis Dreyfus Co. is assessing options for the transfer to new owners of its existing Russian business and grain assets.

Wheat field Hans via PIXABAY April 2023

Louis Dreyfus Co. (LDC) will cease grain exports from Russia from July 1, 2023.

LDC joins Cargill and Viterra, both announcing last week that they would be ceasing grain exporting activities from Russia.

In a statement from LDC, the company noted grain export challenges continue to increase in Russia.

It is also assessing options for the transfer to new owners of its existing Russian business and grain assets. LDC operates silos in Russia and a river export terminal in the Azov district in the south of the country.

"LDC will continue to run its operations in Russia until the process is complete, in compliance with all applicable laws and regulations," said the statement.

According to Reuters, products sourced from Russian and Ukraine made up 2% of LDC's group sales last year, versus less than 4% the prior year.

The company said it would release further information when available.

Related reading

Report: Viterra exiting Russian grain trade

Cargill to stop grain exports from Russia

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