How will world grain prices change in the coming months and what impact will they have on the Russian market?

Published 2024년 3월 20일

Tridge summary

Russia's global grain export market share is approaching 25%, with potential wheat exports of 50 million tons in the new season. However, with the World Bank and BMI predicting a 6.5% decrease in global grain prices by 2024 due to increased supply, grain export may become less attractive for Russian companies. The EU's impending duties on grain from Russia and Belarus could further impact domestic oilseed prices. Experts recommend selling grain now before prices fall further, using the 'Grain-Aggregator' platform to monitor price changes and engage in transactions.

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

Original content

Russia's share as a grain exporter in the world market is approaching 25%, and in the new season wheat exports could reach about 50 million tons. The profits of Russian agricultural producers and the commodity balance in the domestic market depend on world grain prices. On the other hand, grain exports make it possible to regulate prices on the domestic market and sell surpluses. Specialists from Zerno-Aggregator LLC talk about what factors will influence world prices for grain products, whether world prices for grain will increase or decrease. According to the latest report from the International Grains Council, total grain production (wheat and coarse grains) will be 2 billion 304 million tons, which is 6 million tons less than previous data, but at the same time, consumption is also decreasing. Despite the decrease in production volumes, the harvest will still be significant. The previous season's grain reserves will be added to it, which will increase the grain volume by 1%. ...

Source: Zol