Russia’s top agriculture official reportedly says Russia may resume wheat exports in October, reported “Kazakh-Zerno” IA with reference to the “Businessweek“.
Last week, Moscow announced a ban on grain exports due to a severe drought that has reduced this year’s estimated harvest by a third.
Russian news agencies quoted Deputy Prime Minister Viktor Zubkov as saying Tuesday that the government will “look into the possibility” of lifting the ban after the harvest figures are compiled.
RIA Novosti reported that Zubkov, who oversees agriculture, made the announcement after telephone conversations with officials from Egypt, Israel and Turkey. All three are major importers of Russian wheat.
Global wheat prices skyrocketed after Russia announced the ban.
Russia was the world’s third largest wheat exporter last year.
