Deputy Prime Minister Viktor Zubkov, the top agriculture official in Russia, said Russia could resume exporting wheat in October.
Before a final decision is made, Zubkov said they'll look at the final figures concerning the wheat harvest.
Countries like Israel, Turkey and Egypt are major importers of Russian wheat, and have been in close contact with Zubkov concerning whether they'll be exporting wheat, in order to develop alternative sources if Russia continues the wheat export ban.
Even with ample global wheat supplies, the price of wheat shot up after the Russian announcement they were suspending exports. That is based on emotion rather on the reality there could be a wheat shortage, which there isn't.
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