Russia Restricts Wheat Exports to Former Soviet States, Global Supply Concerns Rise

It may be the worst-case scenario looming in the very sensitive wheat export market. Russia has indeed introduced Tuesday restrictions on exports to four former Soviet republics on cereals, of which it is a major exporter, several local media report.

These restrictions also concern white sugar and raw cane sugar. They affect countries such as Kazakhstan, Belarus, Armenia and Kyrgyzstan, the Russian government specifies, adding that the restrictions on cereals will remain in effect until June 30 and those on sugar until August 31, 2022.

While these countries are the first concerned, many others, including Morocco, are also highly dependent on Russian wheat. Several Moroccan observers are already wondering which other countries could be targeted.