Russia reduced grain shipments by almost 15% in March

Published 2024년 4월 2일

Tridge summary

Russia has experienced a 14.6% decrease in grain exports compared to the previous year, totaling 5.7 million tons. This decline includes a 42% drop in corn exports and a 15.7% decrease in wheat exports, although barley shipments have almost doubled. Despite this, Russia has exported 51.4 million tons of grain since the start of the agricultural year, aiming for a potential of 67 million tons. Wheat, as the largest export, has seen a reduction in the number of importing countries from 44 to 28, with Egypt being the primary importer. Russian wheat prices are currently lower than those in the USA and Europe. Additionally, there's been a decrease in the number of ports used for shipping and a reduction in supply volumes through several key ports.

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

Original content

Over the past month, Russia exported 5.7 million tons of major grains, or 14.6 percent less than in the same month last year. Interfax reports this with reference to data from the Russian Grain Union. The supply of corn decreased the most - by 42 percent to 574 thousand tons. Wheat exports traditionally accounted for the largest portion, 4 million 517 thousand tons, but this is 15.7 percent lower. At the same time, barley shipments increased almost 1.9 times to 612 thousand tons. In total, since the beginning of the current agricultural year (which in Russia changes for grain every calendar July - ROSNG), our country has exported 51.4 million tons, including 42.4 million tons. The director of the union's analytical department recalled that the export potential of the main types of grain is 67 million tons, and wheat - 55. According to her calculations, in the remaining three months of the season, 15.6 and 12.8 million tons can be shipped, and average monthly supplies can be 5 .2 ...

Source: Rosng