Global commodities trader Cargill Inc. it will stop exporting Russian grain at the beginning of 2023-24 on July 1, the country’s ag ministry said. “The cessation of its export activities on the Russian market will not affect the volume of domestic grain shipments abroad. The company’s grain export assets will continue to operate regardless of who manages them,” the ag ministry told Reuters. Cargill will likely export around 2.2 MMT of Russian grain in 2022-23, accounting for around 4% of the country’s total grain exports. Focus now is on whether the other major global grain exporting companies follow suit and vacate the Russian market.
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