Putin says no grain exports before 2011 harvest

Russia's Prime Minister Vladimir Putin chairs a government meeting in Moscow, September 2, 2010.

Credit: Reuters/Ria Novosti/Pool/Alexei Druzhinin

By Gleb Bryanski and Denis Dyomkin

MOSCOW/SARATOV, Russia | Thu Sep 2, 2010 1:41pm EDT

 

MOSCOW/SARATOV, Russia (Reuters) - Russia abruptly signaled Thursday it would extend a grain export ban until late 2011 and ordered authorities to prevent speculators driving up food prices after the worst harvest in years.

Prime Minister Vladimir Putin's surprise statement on the export ban -- which had been due for review after December 31 -- puzzled analysts and helped send benchmark Chicago wheat prices higher.

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