Russia expects to boost grain exports amid global food crisis

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MOSCOW - Russia, one of the world's largest wheat exporters, will have 50 million tonnes of grain available for export in the new July-June marketing season, up from more than 37 million tonnes in th

MOSCOW - Russia, one of the world's largest wheat exporters, will have 50 million tonnes of grain available for export in the new July-June marketing season, up from more than 37 million tonnes in the current season, its agriculture minister said.

Russia is expected to harvest 130 million tonnes of grain in 2022, including 87 million tonnes of wheat, President Vladimir Putin said earlier in May. Russia produced a record grain crop 133.5 million tonnes in 2020, including 85.9 million tonnes of wheat. The crop was smaller in 2021. Foreign firms including Starbucks and McDonald's left the market after Moscow sent thousands of troops to Ukraine on Feb 24.When asked by Viterra about Moscow's stance on foreign companies, which still operate in Russia's grain sector, Mr Patrushev said Moscow wants them to stay and will support them.

 

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