Cargill and Viterra Are Exiting Russian Grain Export Market
- Traders both ranked in the top six exporters of Russian grain
- Cargill to stop exporting grain sourced by company in Russia
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The two biggest western shippers of Russian grain, Cargill Inc. and Viterra, will halt purchases for export in a shift that will give local firms more control over shipments.
Glencore-backed Viterra is planning to exit the Russian export market and intends to announce the decision soon, according to people familiar with the matter. Cargill will stop exporting grain sourced by the company in Russia from July, but will continue to buy cargoes from other firms.