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Russia has intensified its control over the grain industry, seeking to dominate the export market amid rising global wheat prices and concerns over supply disruptions. The country's top private grain trader, Rodnie Polya LLC, is facing challenges from the state, and the market has consolidated significantly, with only four firms now responsible for 75% of grain exports from Russia's Black Sea terminals.
This consolidation has accelerated since President Vladimir Putin's invasion of Ukraine, allowing Moscow to exert more influence over global wheat supplies. The Russian government is also targeting assets owned by local oligarchs and foreign companies, reflecting a broader trend of state intervention in the economy. As a result, Western traders face significant challenges in accessing reliable data on crop volumes, stockpiles, and export conditions, adding to market anxieties[1][2][3][4][5].
Citations:
[1] https://ground.news/article/russia-tightens-grip-on-grain-exports-as-global-wheat-prices-surge
[2] https://www.wionews.com/business-economy/russia-tightens-grip-on-grain-exports-as-global-wheat-prices-surge-725852
[3] https://en.amwalalghad.com/russia-tightens-grip-on-grain-market-as-wheat-prices-surge/
[4] https://www.theglobeandmail.com/investing/markets/commodities/ZSK20/pressreleases/26463884/russia-tightens-grip-on-grain-industry-as-wheat-prices-surge-bloomberg-reports/
[5] https://stockinvest.us/digest/russia-tightens-grip-on-global-wheat-market-amid-grain-sector-consolidation
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