Tridge summary
In 2024, extreme weather conditions led to a significant reduction in Russia's grain harvest, causing a decline in its export revenues. The country saw a decrease in wheat, barley, and corn exports by 9.5%, 25%, and 6.8% respectively in the first three months of the 2024–2025 agricultural year compared to the previous year. The total grain shipment volume also decreased by 11.4%. Egypt and Algeria emerged as the largest buyers of Russian wheat, while shipments to Brazil, Bangladesh, and some other countries have significantly reduced. The number of ports through which grain and leguminous crops are shipped has also decreased, along with the number of companies exporting wheat. This is due to logistical challenges and high internal competition, particularly among small players that lack their own logistics facilities and elevators.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Extreme weather conditions in 2024 have reduced the grain harvest. Given that Russia maintains its position as the world's leading supplier of grain and oil and fat products, reduced supply may lead to a decrease in export revenues. Experts have shared their views on grain logistics and what awaits exports in the 2024–2025 season. In the first three months of the 2024–2025 agricultural year (from July 1 to October 1), Russia reduced its wheat exports by 9.5% to 15.4 million tons compared to 17 million tons in the same period of the 2023–2024 season. Such data is provided by the Russian Grain Union (RGU). The export of other grains has also decreased this season compared to the previous year. Thus, barley exports fell by 25% to 1.954 million tons, and corn exports by 6.8% to 628 thousand tons. The total volume of grain shipments amounted to slightly more than 18 million tons, which is 11.4% less than last season, when 20 million 325 thousand tons were shipped during this period. In ...
Source: Zol
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