Cargill to stop handling Russian grains for export as war in Ukraine continues

Minnetonka-based agribusiness Cargill said it will stop exporting Russian grains sourced by the company by the middle of this summer.

"[A]s grain export-related challenges continued to mount, Cargill will stop elevating Russian grain for export in July 2023 after the completion of the 2022-2023 season," the company said in a statement.

"Elevating" is industry parlance for the lifting of grain into export vessels. As of March 2022, Cargill still owned 25% of a vital deep sea port terminal in Novorossiysk in southwest Russia.

https://www.startribune.com/cargill-to-stop-handling-russian-grains-for-export-as-war-in-ukraine-continues-minnesota-based-ag/600262886/