Russia has reduced grain exports by 18.7% since the beginning of September

Published 2024년 9월 23일

Tridge summary

From September 1 to 20, Russia's grain exports saw a significant decrease of 18.7% compared to the same period last year, totaling 4.09 million tons. The decline was observed across all types of grain, with wheat exports decreasing by 10.8%, barley by 2.6 times, and corn by 50%. The geography of wheat exports also narrowed, with Egypt becoming the largest buyer. The number of companies and ports involved in grain export also decreased. Additionally, the article discusses the price dynamics of wheat, both internationally and domestically, noting an increase in European and American wheat prices in contrast to a decrease in Russian wheat prices.

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

Original content

Moscow. September 23. INTERFAX.RU - From September 1 to 20, Russia shipped 4.09 million tons of the main types of grain for export, which is 18.7% less than in the same period last year, according to the monitoring of the Russian Grain Union. "The drop in shipments continues. Thus, 3,753,000 tons of wheat were exported during this period, which is 10.8% less than last year," Elena Tyurina, director of the union's analytical department, told Interfax. According to her data, barley shipments decreased by 2.6 times, to 257 thousand tons against 658 thousand tons from September 1 to 20, 2023. Corn shipments fell by half - to 82 thousand tons from 166 thousand tons, respectively. During this period, wheat was exported to 30 countries against 46 a year ago. "That is, the geography of shipments is narrowing. Thus, wheat has not been shipped to Mexico, Indonesia, Sudan, Pakistan since the beginning of September. A year ago, during this period, these countries purchased significant ...

Source: Interfax