Grain exports from Russia increased by 10 million tons from the last agricultural year

Published 2024년 5월 29일

Tridge summary

Russian grain exports have seen a significant increase of 10 million tons in the current agricultural year, reaching over 60 million tons, as reported by Eduard Zernin, the chairman of the Union of Grain Exporters. This increase is attributed to the diversification of markets and products, as well as the expansion into new markets in Asia and Africa. Despite a shift in focus from the Middle East and North Africa to Asia, sub-Saharan Africa, and Latin America, traditional importers continue to receive significant supplies. This growth comes amidst opportunities and incentives for domestic companies, following the departure of major manufacturers from the Russian market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Deliveries of Russian grain abroad in the current agricultural year (for grain in Russia it changes in July - ROSNG) increased by 10 million tons from the last agricultural year or to more than 60. As Interfax writes, such data were provided by the chairman of the board of the Union of Grain Exporters Eduard Zernin . Half of this increase, he said, was wheat, the rest was barley, corn and other feed crops. The expert named several reasons for such success. First of all, our country is not only developing new markets for these products, but also expanding its range. As Zernin explained, by doing so, our country accustoms the world market to the idea “that Russia is not only the world leader in wheat exports, but also a reliable supplier of other grains and legumes.” Also, domestic companies operating in this market segment have even more opportunities and incentives to work after the largest manufacturers left the Russian market. Zernin also appreciated the role of diplomatic ...

Source: Rosng