Louis Dreyfus Company will stop
exporting Russian grain from July 1, the group said on Monday, joining other
global merchants in dropping activities in the world's biggest wheat-exporting
country.
Cargill and Viterra have made
similar statements.
Most international grain traders
have stopped new investment in Russia following Moscow's invasion of Ukraine
last year but continued shipping Russian wheat.
"Louis Dreyfus Company (LDC)
will cease grain exports from Russia from July 1, 2023, as grain export
challenges continue to increase in the country, and is also assessing options
for the transfer to new owners of its existing Russian business and grain
assets," LDC said in a statement.
