Russia considering grain export ban – Izvestia ...News

Economy by : (Russia Today) -
The measure is aimed at protecting the domestic market The Russian government has instructed the Ministry of Agriculture to start monitoring the level of the nation’s grain reserves on a monthly basis, Izvestia reported on Tuesday, citing relevant documents. The authorities may introduce an export ban if stocks fall to critical levels. According to the report, a volume of 10 million tons of grain is considered by the ministry to be “critically low” – enough to last for about 1.5 months, given Russia’s annual consumption of 80-85 million tons of grain. The ministry told Izvestia that the country’s current grain res

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