GFM Network News

Russia’s economy minister, deputy PM at odds on grain export curbs

Russian government officials were at odds over the key global wheat supplier’s policy on grain exports, after the economy minister warned on Friday that restrictions could come if domestic prices continue to rise after a severe drought. "The issue of a grain export ban is one of domestic grain price dynamics. We are witnessing such […] Read more

Further cut expected in Russian harvest forecast

Russia’s Agriculture Ministry signalled on Thursday that a further cut in Russia’s harvest forecast to 70-75 million tonnes was in the offing, two days after Prime Minister Dmitry Medvedev announced the crop would be lower than previously expected. Visiting Volgograd, a provincial capital in the Volga River valley where drought is spreading and threatening yields, […] Read more