Russia mulls banning rice exports

Russia is considering a proposal to temporarily ban rice exports from July 1.

A draft document prepared by the Russian Agriculture Ministry, which still needs government approval, recommends a ban from July 1 to Dec. 31.

Moscow has already restricted exports of sunflower oil to maintain stability in the domestic market.

It has also imposed a temporary ban on exports of sugar and sugarcane worldwide and grain exports to the Eurasian Economic Union./aa