Irish cereal farmers set to benefit following Russian grain exports ban

RUSSIA’S temporary ban on grain exports, which takes effect on Sunday, is expected to boost the prices paid to cereal farmers in Ireland and other countries.

The ban, expected to remain until the year end at least, was announced by Russian Prime Minister Vladimir Putin as his country battled its worst drought in a century.

Farmers in Ireland hope the global demand will increase the prices they get for their grain, after being paid below the cost of production in the past two years.