Cargill Halts Russian Grain Exports, Impacting Wheat Prices and Grains Market.
Cargill, the top global agricultural commodity trader, will stop exporting Russian grain from July 1, while maintaining its other operations in the country. The decision may have been made under pressure from the Russian government. Cargill Russia plans to export 2.2 million tons of Russian grain this season before the self-imposed deadline. Uralchem has expressed interest in buying Cargill's Russian assets should it decide to leave the Russian market over the invasion of Ukraine.