Russia’s ag minister again rules out grain export limits

Russian Agriculture Minister Nikolai Fyodorov on Tuesday again ruled out the imposition of any grain export restrictions following this year’s poor harvest.

"I am a categorical opponent of any such restrictions, and this position is good for the country," Fyodorov told a news conference on the current harvest campaign, which is drawing to a close.

Fyodorov nudged up his forecast for the overall grain crop to 71 million tonnes by clean weight, or slightly higher, compared to a previous government forecast of 70 million tonnes.

He trimmed his projection of Russia’s exportable grain surplus to 10 million tonnes from an earlier range of 10-12 million tonnes.

— Reporting for Reuters by Polina Devitt in Moscow.

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