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Russia extends ban on Aug. wheat exports

09-03-2010 14:27 BJT

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Russia has extended its ban on wheat exports until next year's harvest. Officials say it's a move aimed at safeguarding domestic supply and prices after the country's hottest summer in recorded history badly damaged crops.

Russian Prime Minister Vladimir Putin says the ban will be lifted only after the 2011 harvest in the interest of securing stability. The grain export ban began August 15. Besides grain, the ban also covers wheat flour, barley, rye and corn.

Russia was the world's third largest exporter of wheat in the last year. In the wake of Russia's export ban, wheat from the US and France have seen a surge in exports.

Editor:Xiong Qu |Source: CNTV.CN

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