In January, the export of Russian wheat may again become a record

Published 2022년 12월 30일

Tridge summary

Record Russian wheat exports are expected in January 2023, reaching 3.6 million tons, according to the analytical center "Rusagrotrans". This surpasses the previous record set in 2021 with 3.45 million tons. The export prices for Russian wheat with 12.5% protein for January-February remain around $305-306 per ton FOB. In 2022, 126 countries purchased Russian grain, with the main buyers being the Middle East, Africa, and Asia. Russia has also expanded its grain trade with China, allowing the export of wheat and barley from all regions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In January 2023, the export of Russian wheat for the fourth month in a row could become a record. According to the forecast of the analytical center "Rusagrotrans", it can reach 3.6 million tons, according to the portal pole.rf. The last January record was set in 2021, when exports reached 3.45 million tons. Current requests for grain shipments only in deep-water ports are already more than 3.2 million tons, analysts said. In addition, they raised their estimate of wheat exports in December 2022 from 4.2-4.3 million tons to 4.35 million tons against the backdrop of an increase in export rates since the middle of the month and an increase in supplies to the EAEU countries. According to Rusagrotrans, export prices for Russian wheat with 12.5% protein for delivery in January-February remained at about $305-306 per ton FOB (-$0.5). Prices for wheat with 12.5% protein in deep-water ports remained at about 14.8-15 thousand rubles. per ton without VAT, at low water - 12.3-12.4 thousand ...
Source: AgroInvestor

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