Grain exports from Russia since the beginning of the season reached 60 million tons

Published 2024년 5월 28일

Tridge summary

Russia's grain exports have reached a record high of 60 million tons since the start of the agricultural year, an increase of over 10 million tons from the previous year, according to the Union of Grain Exporters. The exports include over 5 million tons of wheat. There has also been a significant increase in exports of feed crops like barley and corn. Russian exporters have been expanding into new markets, with the share of supplies to the Middle East and North Africa decreasing from 80% to 65%, while the share in Asia, sub-Saharan Africa, and Latin America has increased, with countries such as Indonesia, Morocco, and Eritrea rediscovering as major suppliers. The Ministry of Agriculture of Russia anticipates that grain exports this season will reach a record 70 million tons.

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Original content

This is 10 million tons more than last season. Grain exports from Russia since the beginning of the agricultural year (July 1, 2023) amounted to 60 million tons, which is more than 10 million tons higher than the same period of the last agricultural year, said Eduard Zernin, Chairman of the Board of the Union of Grain Exporters. “Exports this season have already crossed the 60 million tons mark. No one has any doubts about record exports. We are ahead of the previous season by more than 10 million tons for grain, including more than 5 million tons for wheat,” Interfax quotes Zernin. Zernin also reported that exports of feed crops - barley and corn - are 5 million tons ahead of last year's figure, which, according to him, was a real breakthrough. In addition, Russian exporters began to actively enter new markets. “As a result, the share of the Middle East and North Africa countries in our supplies decreased from 80% to 65%, and the share of new markets in Asia, sub-Saharan ...

Source: Zol