Article Image

IPFS News Link • Food Shortages

Russia Now Demands Rubles For Grain As World's Largest Wheat Exporter

• https://www.activistpost.com, By Tyler Durden

So now grain, sunflower oil and extracted meal are the next to follow the March decision to charge clients from "unfriendly" countries – including major customers in Europe – in rubles for natural gas instead of the normative dollars and euros.

On top of this move, recently Agriculture Dmitry Patrushev announced that Russia's agricultural products will go to "friendly countries" only, and according to "who needs it most" – a hugely significant statement sure to continue sowing uncertainty and chaos for the global food supply.

Via Farmdocdaily:

"Russia and Ukraine account for 14% of global wheat production and rank 1stand 5threspectively. Both countries are prominent exporters, providing nearly 30% of global wheat exports.  The EU, U.S., and Canada are also major producers and exporters of wheat.  China and India are major wheat producers, but are net importers and provide relatively small shares of global wheat exports.  Other countries with fairly large wheat export shares include Australia (8.4%), Argentina (6.6%), Kazakhstan (4.1%), and Turkey (3.4%)."

Russian state media detailed further of the new decree published to a government law portal, "It also provides for a one-year extension of duties to be paid in the national currency in respect of exported sunflower oil and sunflower meal until August 31, 2023."


musicandsky.com/