Cargill will stop exporting Russian grain.

(Reuters)

[Financial Channel/Comprehensive Report] The Russian Ministry of Agriculture stated on Wednesday (29th) that Cargill, one of the world's four largest grain merchants, has told the Russian Ministry of Agriculture that it will stop production from the next season starting on July 1. Export of Russian grain.

A spokesman for Cargill Russia declined to comment.

According to Reuters, the Russian Ministry of Agriculture stated that the suspension of Cargill's export activities in the Russian market will not affect the Russian grain export volume, and the company's grain export assets will continue to operate no matter who manages them.

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In the 2022-23 export season, Cargill will export a total of 2.2 million tons of Russian grain, accounting for about 4% of Russia's overall grain exports.

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