News

Russia: According to Moscow, the Ukrainian grain agreement is more or less fulfilled

Russia
Published Jan 29, 2023

Tridge summary

Russian Foreign Minister Sergei Lavrov said conditions for the Black Sea Grain Initiative, which would facilitate the export of Ukrainian grain from southern Black Sea ports, are "more or less met". However, during a press conference held during a visit abroad, Sergey Lavrov recently said that Russia still has problems with the export of its own agricultural products.

Original content

The Russian Ministry of Agriculture said that it expects to export 55-60 million tons of grain in Russia in the 2022/23 farming season and does not plan to reduce the grain export quota, the Interfax news agency reported. President Vladimir Putin has said in recent days that Russia must maintain stable food reserves, limiting certain exports if necessary, but did not provide specific details. It was not clear whether Putin was referring to Russia's ability to limit exports of major food products, such as grain, on which much of the world depends. Russian wheat export prices rose slightly last week due to continued demand from domestic exporters, analysts said, while interest in Black Sea grain shipments was reduced by the stronger Australian crop on the global market. The price of Russian wheat with a protein content of 12.5% delivered from Black Sea ports rose by $1 to $306 per ton in a week, the IKAR agricultural consulting company said. Russia is exporting its wheat relatively ...
Source: AgroForum
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.