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Russia tightens grip on grain exports as global wheat prices surge

Summary by WION
Russia is intensifying its control over the grain industry, seeking to dominate the export market amid rising global wheat prices and concerns about supply disruptions. According to a report by Bloomberg News, this consolidation comes as major Western grain merchants withdraw from Russia, leaving the market increasingly controlled by firms with connections to the Kremlin.

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Russia tightens grip on grain exports as global wheat prices surge

Russia is intensifying its control over the grain industry, seeking to dominate the export market amid rising global wheat prices and concerns about supply disruptions. According to a report by Bloomberg News, this consolidation comes as major Western grain merchants withdraw from Russia, leaving the market increasingly controlled by firms with connections to the Kremlin.

·Noida, India
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WION broke the news in Noida, India on Monday, May 27, 2024.
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