Significance
Last year brought yet another large grain harvest and other farming sectors including meat and dairy performed well. However, a second year of export restrictions on wheat reflects political worries about managing domestic prices, not actual food availability.
Impacts
As expected, Russia has renewed its food embargo against Western nations to the end of 2021.
A Russian ban on certain produce from Uzbekistan, later reversed, may reflect political friction more than safety concerns.
To offset the loss of Uzbek tomatoes, Russia has increased its import quota for Turkey by 25%.