Russia’s Bumper Wheat Exports Slow as Lower Demand Weighs
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Russia’s wheat exports are slowing from their record pace as traders see lower demand from key importers.
The country’s two bumper harvests have helped bring global prices down from all-time highs after President Vladimir Putin’s invasion of Ukraine, and shippers have been rushing to get those volumes to market. But demand is suffering as major buyers like Egypt and Tunisia struggle with access to hard currency, as well as Moscow’s efforts to control foreign sales at prices it deems too low……
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