The Russian government is considering the possibility of introducing a ban on grain exports given low reserves

The critical level of reserves is 10 million tons As reported by Izvestia, the above considerations are described in detail in the minutes of the working group on non-tariff regulatory measures in foreign trade within the subcommittee on customs and non-tariff regulations of November 28. According to the Ministry of Agriculture of the Russian Federation, the level of grain residues is critically low - 10 million tons, they will be enough for about 1.5 months. It is calculated on the basis of annual consumption in Russia, which amounts to 80-85 million tons of grain, the protocol emphasizes. The mechanism for introducing the ban As a result of discussions in the working groups, it was concluded that it would be advisable for the Ministry of Agriculture, if a reduction to a critically low level is found, to immediately prepare and submit to the Ministry of Industry and Trade and the Ministry of Economic Development a proposal on a temporary ban on grain exports from Russia. The ...