Russia to impose ban on grain exports due to drought: Putin

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Russia, one of the world's top wheat exporters, will impose a temporary ban on grain exports due to record high temperatures and a drought, Prime Minister Vladimir Putin announced on Thursday.

"In connection with the unusually high temperatures and the drought, I consider it right to impose a temporary ban on the export from Russia of grain and other products produced from grain," Putin told a government meeting.

Russia, currently the world's number three wheat exporter, earlier this week slashed its grain harvest forecast to 70-75 million tonnes owing to the worst drought for decades.

Last year, Russia exported 21.4 million tonnes of grain and observers had already warned this risks being sharply lower this year owing to the drought.

© 2010 AFP

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