Russia reduced grain export shipments by a quarter in September

Published 2024년 10월 1일

Tridge summary

In September 2024, Russia's grain exports fell by 25% compared to the same month in 2023, with significant decreases in wheat, barley, and corn shipments. The number of grain types exported dropped from 29 to 8, and the number of destination countries for wheat shipments decreased from 52 to 33. Egypt remained the largest buyer, while exports to Turkey, Iran, and several Latin American countries declined. Despite these challenges, some ports like Vysotsk and Volgodonsk saw increased shipments. Over the past month, the price of Russian wheat rose by 5.2%, maintaining a favorable discount compared to European wheat, which stimulated exports to countries like Egypt and Algeria. Domestically, the average price for grade 4 wheat rose slightly, although it was down 8.4% compared to the beginning of the season. In the first three months of the current season, grain exports decreased by 11.4% year-on-year.

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

Original content

Moscow. October 1. INTERFAX.RU - In September 2024, Russia shipped 5.76 million tons of major grain crops for export, which is a quarter less than in September 2023, according to monitoring by the Russian Grain Union. As Elena Tyurina, director of the union's analytical department, told Interfax, the downward trend noted at the beginning of the current season (since July 2024) continues. "Wheat shipments decreased by 16%, to 5,286 thousand tons, a drop of more than 1 million tons. Barley shipped 340 thousand tons against 1,104 thousand tons a year earlier, corn - 133 thousand tons against 285.4 thousand tons, respectively," she said. "Moreover, the number of exported grain and leguminous crops has sharply decreased - to eight from 29 types." In addition, the trend of narrowing the geography of shipments is "quite pronounced," the expert noted. In September, wheat was shipped to 33 countries, a year ago - to 52. The largest buyer was Egypt, where 1 million 335 thousand tons were ...

Source: Interfax