AGL 32.85 Decreased By ▼ -0.25 (-0.76%)
AIRLINK 127.01 Decreased By ▼ -2.39 (-1.85%)
BOP 5.01 Decreased By ▼ -0.06 (-1.18%)
CNERGY 3.75 Decreased By ▼ -0.09 (-2.34%)
DCL 7.64 Decreased By ▼ -0.37 (-4.62%)
DFML 48.35 Increased By ▲ 0.31 (0.65%)
DGKC 73.00 Decreased By ▼ -1.29 (-1.74%)
FCCL 25.16 Decreased By ▼ -0.09 (-0.36%)
FFBL 48.10 Increased By ▲ 1.54 (3.31%)
FFL 8.50 Decreased By ▼ -0.21 (-2.41%)
HUBC 124.20 Increased By ▲ 1.00 (0.81%)
HUMNL 9.62 Decreased By ▼ -0.38 (-3.8%)
KEL 3.66 Decreased By ▼ -0.17 (-4.44%)
KOSM 8.45 Increased By ▲ 0.20 (2.42%)
MLCF 32.69 Increased By ▲ 0.19 (0.58%)
NBP 57.52 Decreased By ▼ -2.51 (-4.18%)
OGDC 144.00 Increased By ▲ 0.70 (0.49%)
PAEL 25.00 Decreased By ▼ -0.45 (-1.77%)
PIBTL 5.68 Decreased By ▼ -0.16 (-2.74%)
PPL 108.24 Increased By ▲ 0.44 (0.41%)
PRL 23.70 Decreased By ▼ -0.41 (-1.7%)
PTC 11.55 Decreased By ▼ -0.01 (-0.09%)
SEARL 57.50 Decreased By ▼ -0.70 (-1.2%)
TELE 7.10 Decreased By ▼ -0.15 (-2.07%)
TOMCL 39.60 Decreased By ▼ -1.26 (-3.08%)
TPLP 7.18 Decreased By ▼ -0.22 (-2.97%)
TREET 14.55 Decreased By ▼ -0.34 (-2.28%)
TRG 52.62 Decreased By ▼ -2.13 (-3.89%)
UNITY 25.50 Decreased By ▼ -0.70 (-2.67%)
WTL 1.20 Decreased By ▼ -0.03 (-2.44%)
BR100 8,541 Decreased By -20.4 (-0.24%)
BR30 25,684 Decreased By -151.8 (-0.59%)
KSE100 81,292 Decreased By -365.8 (-0.45%)
KSE30 25,810 Decreased By -64.8 (-0.25%)

Russia's food safety watchdog has beefed up quality controls on grain exports due to complaints from major buyers and the lower quality of the crop, it said on Friday, adding that the more stringent checks were not aimed at limiting grain exports.
Traders have been watching for any changes to regulations because they were used in the past to place informal curbs on exports. Some traders said the new controls were excessive and could cause delivery disruptions on signed contracts.
"I knew it was going to be bad, I didn't know it was going to be bad so soon," said an exporter whose cargo has already missed a scheduled date of leaving a Russian port as it is yet to obtain a phytosanitary certificate due to the tougher checks.
Traders had previously said Russia could consider restricting exports once they reach 30 million tonnes of grain this season which started on July 1. The country has exported 9.8 million tonnes of grain so far. Officials have repeatedly said there was no need to curb exports now, but traders are still wary the authorities could introduce the same kind of informal restrictions imposed several year ago when exporters struggled to obtain export certificates.
Russian watchdog Rosselkhoznadzor said on Friday the new, tougher checks were prompted by a rise in complaints in the past three months from Vietnam, Indonesia and Egypt, which are all major Russian grain buyers. Vietnam complained about "the repeated interceptions of the plant quarantine pest of Vietnam (Cirsium arvense)." It said the "the situation becomes more serious recently," according to its statement, published on Rosselkhoznadzor's.

Copyright Reuters, 2018

Comments

Comments are closed.