Russia to Limit Wheat Export More Than Usual on Smaller Crop
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Russia proposed a lower wheat-export quota than recent seasons, with a smaller harvest and strong global demand leaving it with less grain than usual to sell.
Russian customs officials approved a wheat-export quota of 11 million tons for the second half of the season from Feb. 15 to June 30, Interfax reported, citing the Economy Ministry. Still, the country’s wheat shipments had been expected to slow down after a breakneck pace at the start of the year, dimming the impact to the market.