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Contract Risk: Restrictions on grain exports are not likely due to an abundant harvest, but major delays at seaports are to be expected.

Official statistical data has recently been released and indicates that Russia will reap an abundant grain harvest in the 2011-2012 agricultural year. The preliminary estimate of the grain harvest stands at 93 million tons. This is in contrast with the previous year: On August 15, 2010, the Russian government imposed a comprehensive ban on all grain exports in response to

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Contaminated Products Insurance (CPI) and the Food Industry

Ian Harrison

Impact of FMSA and Market Response It was initially thought that the Food Modernization Safety Act (FMSA) passed by the U.S. Senate on November 30, 2010 and signed into law by President Obama on January 4, 2011 might have a significant impact on the Contaminated Products Insurance (CPI) market. The Act – the subject of a previous Lockton white paper