Russia in early November increased shipments of wheat for export by a third

Published 2022년 11월 8일

Tridge summary

From November 1 to November 7, Russia experienced a significant increase in wheat exports, shipping 799 thousand tons, a 33.7% rise from the same period last year, as reported by the Russian Grain Union. This growth in wheat demand, despite geopolitical events, makes it the primary grain export for Russia during this timeframe. Shipments to Africa, particularly Sudan, have seen a notable increase, while those to Egypt and Turkey have varied. The geography of exports has decreased to seven countries, and the price situation shows a decline after Russia's continued participation in the grain deal. Wheat shipments through main ports and offshore transshipment have remained stable, despite some weather-related challenges.

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Original content

From November 1 to November 7, Russia shipped 799 thousand tons of wheat for export, which is 33.7% more than in the same period last year, follows from the monitoring of the Russian Grain Union. "The growth in demand for Russian wheat, which was outlined in October, has been preserved. The growth in early November turned out to be quite serious, despite geopolitical events. A further increase in demand can be expected," Elena Tyurina, director of the analytical department of the union, told Interfax. According to her, wheat was the mainstay of Russian grain exports during this period. Shipments of barley amounted to only 34 thousand tons, which is 75% less than a year earlier. According to Tyurina, in the first week of November, African countries became leaders in the geography of deliveries. “If we used to say that shipments to the African continent are falling, then in the first week of November, the maximum volume was sent to Sudan - 134,000 tons. It took a leading position,” ...

Source: Zol