Official says Russia not to raise grain export quota this season
MOSCOW, Apr 20 (PRIME) -- The Russian Agriculture Ministry does not plan to raise the grain export quota this season, Deputy Agriculture Minister Oksana Lut said late on April 17.
"The Agriculture Ministry has no plans to raise the grain export quota this season. No exemptions for companies are envisaged, the mechanism was elaborated without distribution of the permitted volumes among the market participants," Lut said.
The official said that exports outside the Eurasian Economic Union will stop after the quota has been used.
On April 2, the Russian government introduced an export quota of 7 million tonnes on exports of wheat, rye, meslin, barley, and corn until June 30. The Russian grain exporters will exhaust the quota until mid-May or even earlier, Lut said.