Russia Extends Grain Export Ban to July, Putin Says
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Russia, once the world’s third-biggest wheat exporter, extended a ban on overseas sales of grain until July 1 to ensure domestic supply after drought damaged crops, Prime Minister Vladimir Putin said.
More than a third of Russia’s grain crop was ruined by the worst drought in at least a half century, prompting the government to impose a grain-export ban on Aug. 15. It was originally scheduled to be reviewed Dec. 31.