Interfax: Russia may set grain export quota at 14mi tons

Russia is considering setting its grain export quota at 14 million tons (including 9 million tons of wheat) from February 15 to June 30, the Interfax news agency reported on December 3rd, citing a source with knowledge of the discussions.

Russia, the world’s largest wheat exporter, said it would set a grain export quota in the first half of 2022 to secure domestic supplies amid high food inflation.

Russia’s Ministry of Agriculture told Reuters on Friday that the size of the quotas and the time period for them would be determined by the government.

The country’s grain export quota was 17.5 million tons from February 15 to June 30, 2021. There was no separate quota for wheat in 2021.

“We plan to discuss a concrete time frame and quota size for 2022 with the Ministry of Agriculture in the near future,” the Ministry of Economy told Reuters.

The ministry hopes that the calendar for the future quota “will be comparable to this year’s measure” from now on, he added.

Source: Money Times

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