Russia has achieved its goal of exporting grain without international intermediaries

Published 2024년 10월 31일

Tridge summary

Since October 11, Russia has begun making direct deliveries of grain and grain products to 13 countries, including Egypt and Saudi Arabia, bypassing international trading companies. This decision, backed by the Russian Association of Grain Exporters and the Ministry of Agriculture, favors long-term contract holders and aims to limit exports to Russian exporters only. Meanwhile, Russian logistics group Rusagrotrans anticipates that the country's wheat exports will reach a record 5.4 million tonnes in October due to increased global demand and higher grain prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Direct deliveries to 13 countries Since October 11, Russia has been delivering grain and grain products directly to a number of friendly countries, without the intervention of international trading companies. This approach was decided by the Russian Association of Grain Exporters at a meeting with the Ministry of Agriculture. Grain deliveries to 13 countries have gone directly to government authorities and state recipients, said the association's president, Eduard Zernin. In particular, he mentioned Egypt, Tunisia, Algeria, Morocco, Jordan, Saudi Arabia, Bangladesh, Qatar, Kuwait, South Korea, Pakistan, India and Iraq. No rights without long-term contracts According to the association, foreign trading companies that do not have long-term purchase agreements with Russian exporters have no right to win tenders. This decision applies to all transactions concluded from October 11, 2024 and concerns the countries listed. Transactions concluded before this date will be implemented in ...
Source: Farmer.pl

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