Russian Grain Trader Beating Cargill to Olam as Exports Surge
This article is for subscribers only.
Russia’s OOO Trading House RIF beat international competitors from Olam International Ltd. to Cargill Inc. to become the country’s second-largest grain exporter after it boosted shipments more than eightfold.
RIF shipped 1.95 million metric tons of grain in the season ended June 30, giving it an 8 percent share of Russia’s exports, data from the National Association of Exporters of Agricultural Products show. Glencore Plc was the top exporter with a 13 percent share, Olam ranked third and Cargill fourth.