Cargill says it will take a further step back from the Russian market by stopping handling Russian grain from its export terminal from July, although its shipping unit will continue to carry grain from Russian ports.

Most international grain traders have stopped new investment in Russia since last year following Moscow’s full-scale invasion of Ukraine but continued exporting Russian wheat.

In addition, grain trader Vittera, part-owned by Switzerland-based mining and trading giant Glencore, is planning to stop grain trading in Russia.

A spokesperson for Vittera declined to comment but said a statement would be issued at a later stage.

Vittera and Cargill are among the largest exporters of Russian wheat.