Russia for 9 months reduced the export of vegetable oil and wheat

Published 2021년 11월 11일

Tridge summary

Russia's wheat and meslin exports saw a decrease of 2.9% in the first nine months of 2021 compared to the previous year, totaling 23.924 million tons. Despite the decrease, the revenue from these exports increased by 21.4% to $6.18 billion. Wheat exports in September were down by 12.3% compared to August.

Vegetable oil exports also saw a decrease of 15.1% in the first nine months of 2021, but the revenue from these exports increased by 50% to $3.039 billion.

Russia imported 25.1% more wheat in the first nine months of 2021 compared to the previous year, and barley imports decreased by 75.3%. Corn imports also decreased by 29.7%, and vegetable oil imports increased by 23%.

The Russian Ministry of Agriculture predicts that grain exports for the 2020-2021 agricultural year could reach 49 million tons, with wheat supplies potentially reaching 37.6 million tons. Grain exports for the 2021-2022 agricultural year are estimated to be between 45-48 million tons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia in January-September 2021 reduced the export of wheat and meslin (a mixture of wheat and rye) by 2.9% compared to the same period last year - to 23.924 million tons, follows from the materials of the Federal Customs Service (FCS) of the Russian Federation. In monetary terms, the supply of wheat abroad for nine months increased by 21.4%, amounting to $ 6.18 billion. Wheat exports in September amounted to 4.577 million tons, which is 12.3% less than in August this year. In monetary terms, exports in September decreased by 4.1% compared to the previous month - to $ 1.263 billion. In turn, supplies of vegetable oil abroad in January-September decreased by 15.1% and amounted to 2.408 million tons. In monetary terms, they increased by 50%, to $ 3.039 billion. In September, oil exports decreased as compared to August by 73.7% in physical terms and by 72.1% in monetary terms, to 98.4 thousand tons by $ 131.5 million, respectively. At the same time, Russia in January-September ...
Source: Oilworld

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.