Louis Dreyfus elevators in Russia stopped accepting grain

Several grain elevators in Russia’s Stavropol region, owned by Louis Dreyfus, have stopped accepting grain from agricultural producers. This development poses a significant challenge in the lead-up to the impending harvest season.

Representatives from the Russian Elevator Company, part of the Louis Dreyfus structure, announced that all group elevators must be cleared of grain remnants by June 30, 2024. New grain will not be accepted until the completion of a property rights transfer process.

The management of the Ipatovsky Elevator stated to its partners, “Due to LDC ceasing its trading activities in exporting Russian grain and the subsequent intention to transfer the business to a new Russian owner, LDC confirms that acceptance of agricultural products for storage will not be possible at any of the group’s facilities in Russia until permissions necessary for completing the property transfer are obtained from Russian authorities.”

As of today, the elevators that have refused to accept grain include Ipatovsky Elevator, Novopavlovsky Elevator, Blagodarnensky Elevator, Joint Stock Company “Grain,” and Divensky Elevator.

The Russian Elevator Company owns a total of 12 elevators with a combined capacity of 2 million tons of grain, located in the Voronezh, Volgograd, and Rostov regions, as well as in the Stavropol Krai.