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In the
first month of the new marketing year Russia exported 2.8mmt of grains.
That’s an
increase of 17.5% compared with the same period last year.
Presumably
it’s a case of sell while you still can although long term I can’t see sanctions
having any meaningful impact on grain exports from Russia, people have to
eat.
Meanwhile
in Ukraine sea ports continue to increase grain exports.
According
to APK-Inform, last week grain exports increased to 494kmt from the previous weeks
463kmt.