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Traders Fear Export Curbs

Grain traders may hesitate to sign new export agreements on concern that a drought might spur the government to curb outbound shipments, SovEcon said Thursday.

“Most likely grain traders, especially those representing international grain companies, will be reluctant to enter new contracts on fears of possible export restrictions,” the research center said on its web site.

The timing of the start of the tenders may signal tight domestic supplies, SovEcon said. Concern that export curbs might accompany the sales is “legitimate,” it said. 

(Bloomberg)


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