Thursday, 27 April 2017

Russia seek grain exports compromise with Turkey

Reuters are reporting the Russian Agriculture Minister, Alexander Tkachev, as saying Moscow hoped to reach a compromise with Turkey over grain exports within two weeks.

Turkey is the second largest buyer of Russian wheat after Egypt and the top buyer of its sunflower oil so the pressure is on to find a resolution.

Turkey implemented a de facto ban on purchasing Russian grain by imposing high import tariffs in March.

Tkachev said a delegation of Russian officials plan to discuss agriculture supplies with officials in Ankara on Thursday, report Reuters.