Skip to content
Subscriber Only

Russia May Reach Its Grain-Export Quota More Than a Month Early

  • Grain-export quota may run out soon as traders rush cargoes
  • Shipments to some neighboring countries may continue

Russia may stop selling wheat for a few weeks to anyone except its neighbors, as shipments from the world’s top exporter look set to reach a three-month limit well before the quota expires at the end of June.

Traders are sending Russian grain cargoes abroad so fast that they could reach the allowed limit in mid-May, according to the Agriculture Ministry. That would mean most customers turning elsewhere to buy supplies, including Russia’s main rivals in global wheat markets -- the European Union and the U.S.