Russia has become a reliable supplier of grain and is gaining a foothold in new markets

Despite the imposed sanctions, Russia continues to strengthen its position in the grain market. This has led to the fact that Russian wheat is no longer traded at a discount to European. Farmers expect prices to rise and suspend supplies, but the situation may change after the reduction of the export duty on wheat. Elena Tyurina, director of the analytics department of the Russian Grain Union (RGU), told RIA Novosti about this. She noted that in the current season, Russia plans to export another 3 million tons of wheat, and the total grain export could reach 61-61.5 million tons, including 52 million tons of wheat. According to her, the spring period was very active for shipments, as a result, the figure was the highest in the last six years. Tyurina stressed that Russia is a reliable supplier that fulfills its shipping obligations. New buyers appeared in Asia and Africa. At the same time, the price of Russian wheat is at the European level, without a discount, and the demand for ...