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Rising food prices: Russia plans to triple grain exports in 2023

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Russian grain exports

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Russian Deputy Prime Minister Victoria Abramchenko announced on Monday that the government would like to triple its grain exports by 2023.

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The Deputy Prime Minister confirmed that the ministers of agriculture and economy had agreed on an export quota of 25.5 million tonnes.

According to Abramchenko, the expected increase is due to a record harvest in Russia this year, which was expected to reach more than 150 million tonnes.

The country is one of the largest grain exporters in the world.

Rising food prices, largely due to Russia’s war on Ukraine, which has disrupted food shipments, have fueled international fears of famine in poorer countries.

For months the ports of Ukraine, another major grain exporter to the world market, have been blocked.

The agreement on the export of Ukrainian grain negotiated this summer expired on Saturday. His retinue is suspended in the air.

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By announcing that it would increase its own grain exports, Russia could score political points in Africa and Asia.

At the same time, Moscow complained that Western sanctions were hampering Russian grain and fertilizer exports. (Afp/NAN)

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