Russia increased grain supplies to South Korea fivefold in June

Published 2024년 8월 12일

Tridge summary

In June, South Korea's grain imports from Russia surged fivefold year-on-year to 30.8 thousand tons, valued at $8.1 million, with corn being the primary export. This increase positioned Russia as the fourth largest corn supplier to South Korea, holding a 3.03% market share behind the dominant suppliers Argentina, the United States, and Uruguay. This shift in sourcing patterns occurs as Ukraine, which was previously a major supplier, has seen a significant decrease in its export volumes to South Korea. Overall, South Korea imported cereals worth $370.7 million in June from the United States, Argentina, and Australia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Grain supplies from Russia to South Korea increased to 30.8 thousand tons in June Grain supplies from Russia to South Korea increased fivefold year-on-year in June of this year, to 30.8 thousand tons, with corn exports soaring the most, RIA Novosti calculated after studying data from the Korean statistical service. Thus, at the beginning of summer, grain imports by South Korea from Russia reached 30.8 thousand tons worth $8.1 million, increasing fivefold compared to the same period last year. And compared to May, June supplies increased by 20%. Seoul bought corn from Moscow - 25.2 thousand tons (worth $6.5 million), wheat - 5.6 thousand tons (worth $1.5 million) and oats - 100 tons (worth $29 thousand). It was corn that caused such a jump in imports. It was delivered four times more than in June 2023 (then - 6.4 thousand tons, or 2.2 million dollars). As a result, Russia took fourth place in Korean corn imports with a share of 3.03%. The main supplier of this grain was Argentina ...
Source: Zol

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