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.
