Ukraine war: Moscow surprisingly agrees to export 50 million tons of grain

Created: 05/27/2022, 16:37

The Ukraine war has led to a dramatic increase in grain prices.

Now Moscow wants to step into the breach and throw wheat onto the world market.

© Daniel Bockwoldt/dpa

The Russian war of aggression has led to a significant increase in grain prices.

Now the Russian Ministry of Agriculture is surprisingly making promises for exports.

MOSCOW - The Russian Ministry of Agriculture has confirmed the preliminary forecast for the grain harvest and promised to export at least 50 tons of grain if this result.

The ministry is currently forecasting a harvest of 130 million tons.

With this result, "we can export 50 million tons," said Deputy Agriculture Minister Oxana Lut, according to the Interfax news agency, during an appearance at the Russian grain forum on Friday.

The export could also top 50 million, she added.

Ukraine war: export ban on sunflowers extended

In contrast, the current export ban on sunflowers will be extended beyond August.

Due to the bottlenecks, sunflower oil has recently become significantly more expensive in Germany and is often even sold out.

Lut justified this with a lack of reserves in his own country for the production of sunflower oil.

Like Ukraine, Russia is one of the largest grain exporters in the world.

The war of aggression against the neighboring country ordered by Russia's President Vladimir Putin has led to a significant increase in food prices on the world markets.

The experts at the Food and Agriculture Organization (FAO) fear starvation in parts of the world in view of the blocked Ukrainian ports.

Moscow has rejected accusations that it is speculating and for its part accuses the West of exacerbating the food crisis by imposing sanctions on Russia.