Russian prime-minister banned grain export (including wheat, meslin, barley, corn, maize, wheat and rye-wheat flour) due to a poor harvest after fires and extraordinary drought ravaged the national crop. The ban extends till 31 December. Russia harvests almost 8% of the global wheat crop. The total volume of state grain inventories amounts to 21.7 million tones. The ban has already caused a global increase in wheat prices, which have risen by up to 70% in the last two months.
Source: www.top.rbc.ru