Russia may take 13% of the world wheat market in the new season

Published 2023년 7월 20일

Tridge summary

In the past grain season, Russia set a record by exporting 60-61.3 million tons of grain, including over 49 million tons of wheat. However, the number of countries purchasing Russian grain decreased by around 10. Despite a historic record grain harvest and strong demand, Russia faced obstacles such as limited access to financial instruments and the refusal of some partners to work with Russian grain. The country aims to maintain its strong position in markets such as North Africa, the Middle East, and Asia in the upcoming season.

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

Original content

And to keep the title of the number one exporter Russia in the past grain season (from July 1, 2022 to June 30, 2023) supplied the world with a record volume of grain - 60.0-61.3 million tons (estimations of the Ministry of Agriculture and analysts differ), including over 49 million tons of wheat. At the same time, the number of countries purchasing grain in the Russian Federation decreased by a dozen. Pole.rf magazine interviewed exporters and market experts and found out what trends await the Russian grain sector in the 2023/2024 season. The export results of Russia in the grain market exceeded the initial forecasts and, according to Rusagrotrans analysts, amounted to 61.3 million tons of exported grain, and taking into account legumes and flour (in terms of grain) - 64.5 million tons. “This is an absolute record since the 2017/2018 season, when 54 million tons of grain were shipped to foreign markets (including flour and legumes - 56 million tons). Wheat export last season ...

Source: Oilworld