Crop woes may lead Russia to focus on traditional grain buyers

By Jerry  Published On June 6, 2024
ST PETERSBURG, June 6 (Reuters) – Russia may narrow the spread of its grain exports in the new season due to crop problems, keeping supplies to its traditional markets, VTB (VTBR.MM), opens new tab board member Vitaly Sergeуchuk said.
Frosts have damaged crops in many regions this year while there has also been a drought in some areas, leading analysts to downgrade forecasts for this year’s harvest.
“It (exports) will probably not be as widespread as in the current season,” he said, speaking during the St. Petersburg international economic forum.
Source: REUTER

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