Grain Export Restriction
26 Mar, 2020
Category: Consumer Defensive
A bullish grain market is expected as nations are restricting their grain export in order to ensure domestic supplies.
Governments are reportedly moving
to secure their own domestic food supplies during the coronavirus pandemic by
imposing export bans, fearing that a supply-chain breakdown around the world to
Here are some of the movement
imposed by major wheat consumption countries
has suspended exports of buckwheat, sugar, potatoes, carrots, onions and cabbages
until at least April 15.
Russia has also
suspended exports of processed grains such as ready-to-eat buckwheat, rice or
oat flakes from March 20 for 10 days.
a suspension of wheat import duties would be in place until the middle of June.
Vietnam will suspend signing new rice export contracts until March 28 at
the earliest under a review to ensure domestic supplies are sufficient during
the coronavirus outbreak.
Things are brewing in the grain
market and investors should not miss this trend.
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