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Russian traders establishing new union of grain exporters

Russia’s largest traders are creating a new union of grain exporters. This is according to a joint press release of the four exporters.

"Aston JSC, Glencore Agro MZK LLC, OZK-Yug LLC and Rif Trading House LLC, signed a memorandum on the establishment of the Union of Grain Exporters. The four largest companies in the grain market, which account for more than a third of all grain exports from Russia, will be among the founders of the new association," according to the press release.

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