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Russia May Increase Grain Export Quota

Country is preparing to impose quota to stabilize its domestic market after recent price rises

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Russia may increase the size of its grain export quota planned for Feb. 15-June 30 to 17.5 million tonnes from 15 million tonnes, the agriculture ministry said on Monday.

Reuters reports that Russia, one of the world’s largest wheat exporters, is preparing to impose the quota to stabilize its domestic market after recent price rises despite a large crop harvested this year.

The agriculture ministry drafted a resolution containing the proposal. It is due to be reviewed by the trade ministry and other officials, the ministry said in a statement.

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