Agriculture: Moscow promises 50 million tons of grain exports

Agriculture
Moscow promises 50 million tons of grain exports

Egypt is one of the largest wheat importers in the world and is currently severely affected by price increases. Photo: Xinhua/wst

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The Russian war of aggression has caused a significant increase in grain prices. Now the Russian Ministry of Agriculture is making commitments for exports.

The Ministry of Agriculture of Russia has confirmed the preliminary forecast for the grain harvest and promised to export at least 50 tons of grain if this result.

The ministry is currently forecasting a harvest of 130 million tons. With this result, “we can export 50 million tons,” said Deputy Agriculture Minister Oxana Lut, according to the Interfax news agency, during an appearance at the Russian Grain Forum on Friday. The export could also top 50 million, she added.

Sunflower export ban extended

In contrast, the current export ban on sunflowers will be extended beyond August. Lut justified this with a lack of reserves in his own country for the production of sunflower oil.

Like Ukraine, Russia is one of the largest grain exporters in the world. The war of aggression against the neighboring country ordered by Russia’s President Vladimir Putin has led to a significant increase in food prices on the world markets. Experts fear starvation in parts of the world given the blocked Ukrainian ports. Moscow has rejected accusations that it is speculating on this and, for its part, accuses the West of exacerbating the food crisis by imposing sanctions on Russia.

dpa

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