Major grain trader Cargill to stop exporting grain from Russia

The American company Cargill, which is one of the world's largest suppliers of agricultural products, will stop exporting grain from Russia, even though the enterprise is among the top ten exporters of Russian grain, Russian news outlet RBC reported, referring to the company's message sent to the Ministry of Agriculture of the Russian Federation.

The Russian division of the American corporation will stop exporting grain from Russia next agricultural year.

Cargill is also set to review the portfolio of assets it owns related to grain exports.

The company noted that it will fulfill in full the shipments planned for the current 2022/2023 season.

Cargill is one of the major exporters of Russian grain. In the current 2022/2023 agricultural season, according to market participants, the company will export about 2.2 million tons of grain (about 4% of all Russian grain exports). Cargill ranks sixth among exporters in terms of shipments.