The Russian government confirmed that it will seek to triple its grain purchases for the state reserve fund to over three times, reaching 10 million tons, following a decline in global sunflower oil prices by more than 20% in recent days. The economic newspaper Vedomosti reported on Friday that Russia may recommend a temporary halt to wheat and sunflower oil exports. Additionally, the Ministry of Agriculture will meet with industry representatives this week to discuss the idea of imposing temporary export restrictions.
Russia Considers Halting Wheat and Sunflower Oil Exports
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