New Top Russian Grain Trader Emerges as Rival Falls Out of Favor
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A new trader has emerged as Russia’s biggest exporter of grain, after a long-time market leader became entangled in a rift with the country’s agriculture regulator.
Grain Gates LLC pushed past TD Rif in the 2023-24 season that ended in June, exporting 14 million tons, according to data from analysts ProZerno. TD Rif — which changed its name to Rodnie Polya in April — had held the top spot for nine seasons and the two firms were neck-and-neck at the season’s halfway mark.