Russia may limit grain exports
2012-09-24 10:47:17
Russia may impose restrictions on the exports of grain if prices continue to rise, Economic Development Minister Andrey Belousov told reporters on the sidelines of the International Investment Forum Sochi 2012. The government is expected to make a decision regarding grain exports this fall after it obtains final data on grain harvest, he added.
The prices of grain are rising on global and domestic markets, because a seasonal drought in Russian southern regions coincided this year with a severe drought in the U.S., Belousov said.