Leading merchant and processor of agricultural goods Louis Dreyfus Company (LDC) says it will will cease grain exports from Russia from July 1, 2023.
The agribusiness giant said that 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 will continue to run its operations in Russia until the process is complete, in compliance with all applicable laws and regulations,” the company said in a statement.
The company will release further information when and if appropriate.
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