Virus Puts Risk of Russian Wheat-Export Curbs Back in Focus
- Russian domestic prices and exports have climbed recently
- Analysts say government wheat-export curbs are possible
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As the coronavirus pandemic disrupts food supply chains around the world, the wheat market is turning its attention back to potential export restrictions in Russia.
The world’s top wheat shipper briefly suspended exports of some processed grains and asked officials whether there should be curbs on overseas sales of consumer goods like foods and medicine. While there’s been no specific government mention of wheat, Russia has a history of shaking up the global market by restricting sales through export taxes, bans or informal limits.