Russia takes measures to continue to restrict food exports

Russian media Milknews on June 7: The Minister of Economic Development of the Russian Federation stated that in order to protect citizens from rising food prices, Russia will continue to implement existing measures to restrict food exports.

The Minister said: restricting food exports is a price "shock absorber", which can encourage domestic producers to increase production investment, and at the same time promote the development of new value chains, such as increasing grain can promote the development of animal husbandry, and the development of animal husbandry can drive the milk industry.

In December 2020, the Russian Federal Government introduced a series of measures to deal with the increase in Russian food prices, such as setting the highest wholesale and retail prices for sugar and Russian sunflower oil.

In addition, the Russian Federal Government issued a restriction order: the export of buckwheat is prohibited from June 5 to August 31, 2021.

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