From Russia to centralize control of grain exports | Gold Anti-Trust Action Committee
Moscow to Seize Grain Export Controls
By Javier Blas
Financial Times, London
Thursday, July 31, 2008
The decision to control food exports is the latest sign of how soaring food prices are reshaping the agriculture industry. The recreation of Soviet-style state trading will aggravate anxieties of food-importing countries about their dependence on the international market, which has been severely disrupted this year after exporters, including Russia, imposed prohibitive foreign sales duties or export bans.