Viterra plans to exit Russian grain trade – Bloomberg

Viterra plans to exit Russian grain trade - Bloomberg

PARIS (Reuters) – Global grain trader Viterra is planning to stop grain trading in Russia, the world’s largest wheat exporter, Bloomberg News reported on Wednesday, citing people familiar with the matter.

This comes after Russia said U.S. trading giant Cargill had told the agriculture ministry it would stop exporting Russian grain from the start of the next exporting season, which begins on July 1.

Viterra was not immediately available to comment.

Most international grain traders have been scaling back their activities in Russia since last year following Moscow’s invasion of Ukraine.

Viterra, part-owned by Switzerland-based mining and trading giant Glencore (OTC:), is one of the largest exporters of Russian wheat.

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