Rusagrotrans expects record 29.4 million tons of wheat exports from Russia in July-December

Published 2024년 12월 23일

Tridge summary

Russia is set to achieve a record wheat export of 29.4 million tons in the first half of the agricultural year (July-December 2024), according to the Rusagrotrans analytical center. December exports are expected to reach between 3.7-3.8 million tons, slightly below the previous year's figure of 4.06 million tons. Despite this, export demand prices for Russian wheat have remained unchanged at $235 per ton, while prices have increased for French, German, and American wheat. Domestic wheat market prices have seen a slight increase in the south and a decrease in the central regions. The wheat exchange market experienced a decline last week, despite active purchases of milling wheat by Saudi Arabia, Tunisia, and durum wheat by Tunisia and Algeria.

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Original content

Moscow. December 23. INTERFAX.RU - Russia will export a record 29.4 million tons of wheat in the first half of the agricultural year (July-December 2024), the Rusagrotrans analytical center predicts. As Interfax was told by the center, in December exports (including the EAEU countries) will amount to 3.7-3.8 million tons, which is higher than the previous forecast of 3.4-3.5 million tons, but slightly lower than the December figure of last year at 4.06 million tons. "As a result, wheat exports in the first half of the 2024/2025 season will reach a record 29.4 million tons, which will exceed last season's record of 27.7 million tons," the center said. According to analysts, export demand prices for Russian wheat (12.5% protein) for delivery in January remained unchanged at $235 per ton (FOB), and offer prices are from $240 per ton. The price of French wheat strengthened by $6, to $248 per ton, German wheat by $1, to $255, and American wheat fell by $7, to $237 per ton. Wheat prices ...

Source: Interfax