In December, wheat exports from the Russian Federation will amount to 3.8-3.9 million tons

Published 2023년 12월 18일

Tridge summary

In December, Russian wheat exports are predicted to be 3.8-3.9 million tons, lower than the previous year due to unstable weather in southern ports affecting shipment rates. The top 10 exporters account for 73% of wheat supplies and 67% of grain supplies, with export demand prices for Russian wheat continuing to grow. Last week, Algeria, Tunisia, Bangladesh, and Saudi Arabia held tenders to purchase large quantities of wheat.

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

Original content

Wheat exports from the Russian Federation in December will amount to 3.8-3.9 million tons, taking into account supplies to the EAEU countries, JSC Rusagrotrans predicts. As the company told Interfax, the forecast was lowered from 4.5 million tons "due to unstable weather in southern ports and, accordingly, lower than expected shipment rates, which are currently 15% behind last year." . As in November 2023, the December figure will be lower than a year ago, when exports amounted to 4.56 million tons. The company also reported that the top 10 exporters currently account for 73% of wheat supplies and 67% of grain supplies. The top 5 exporters account for 60% of wheat exports and 55% of grain exports. “Export demand prices for Russian wheat with protein 12.5% for delivery in December-January continued to grow and reached $242-244 per ton (FOB). This is $3 more than the previous week,” Rusagrotrans reported. noting that ...

Source: Zol