Over 5 months, the Russian Federation increased barley exports by 2.1 times to more than 3 million tons

Published 2024년 6월 20일

Tridge summary

Between January and May 2024, Russia exported over 3 million tons of barley, more than double the amount from the same period in 2023, primarily due to increased demand from Saudi Arabia, the leading importer. Other significant importers included Iran, China, Tunisia, and Algeria. The exports, facilitated through various ports and border crossings, also saw notable increases to Oman, Kuwait, Jordan, and Qatar. The Rusagrotrans analytical center predicts a record export of 8.8 million tons for the season, driven by higher harvests, competitive pricing, improved export infrastructure, and low or zero export duties on barley.

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

Original content

In January-May of this year, the Russian Federation supplied over 3 million tons of barley to foreign markets, which is 2.1 times more than in the same period in 2023. The Agroexport center reports this with reference to expert assessments. Barley supplies in the current season (July 2023-June 2024) are characterized by record rates, and based on the results of the agricultural year, the Russian Federation for the first time can take first place in the world among its exporters, the report says. The center calls the resumption of active purchases by Saudi Arabia, one of the largest buyers of barley in the world, an important event of the season. As a result, in January-May the kingdom became the leader among importers of Russian barley. According to the Rusagrotrans analytical center, during this period 837.1 thousand tons of barley were sent to Saudi Arabia. The top 5 buyers also include Iran (608 thousand tons), China (376 thousand tons), Tunisia (266 thousand tons) and Algeria ...

Source: Milknews