FoodClips
Source: Reuters
Putin says no grain exports before 2011 harvest
September 2 2010 - Russia abruptly signaled Thursday it would extend a grain export ban until late 2011 and ordered authorities to prevent speculators driving up food prices after the worst harvest in years.
Prime Minister Vladimir Putin's surprise statement on the export ban -- which had been due for review after December 31 -- puzzled analysts and helped send benchmark Chicago wheat prices higher.
"I would like to note that the lifting of the export ban can only be considered after next year's crops have been harvested," Putin told a government meeting. Amid speculation that he might have misspoken, his spokesman confirmed the statement.
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