In the first ten days of September, the Russian Federation reduced shipments of wheat for export by 28.3%

Published 2022년 9월 13일

Tridge summary

Russia has seen a significant decrease in its wheat, barley, and corn exports in the first ten days of September compared to the same period last year, with a 28.3% drop in wheat exports being the most notable. This decline is largely attributed to a reduction in shipments to Turkey, which has been replaced by Ukrainian grain under the 'grain deal.' Despite this, Russia's export geography is expanding, with increased purchases by Egypt and exports to countries like Djibouti, Pakistan, Tunisia, and Algeria. However, Russia is yet to export to Central and South African countries this season due to increased logistics costs, limited ship supply, and higher fees for passage through the Bosphorus. Despite these challenges, Russian wheat remains competitive in the market, with a discount of $35 per ton compared to European wheat.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

INTERFAX.RU - In the first ten days of September, the Russian Federation shipped 1.323 million tons of wheat for export, which is 28.3% less than in the same period last year, follows from the monitoring of the Russian Grain Union. Elena Tyurina, director of the Union's Analytical Department, told Interfax that barley exports over this period decreased by 41%, to 133,500 tons, corn - by 67%, to 10,000 tons. According to her, the decline in exports is primarily due to the reduction in shipments to Turkey. "They fell by 440,000 tons, or 72%," the expert specified, noting that this can be explained by the substitution of Russian grain for Ukrainian grain within the framework of the "grain deal." At the same time, Egypt is increasing its purchases and, in general, the geography of exports is expanding. "A large consignment - more than 53 thousand tons - was shipped to Djibouti, exports to Pakistan, Tunisia, Algeria are stable. Moreover, Algeria is replacing French wheat by buying ...
Source: Oilworld

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