Russia triples wheat exports and reduces corn to China

Published 2024년 12월 29일

Tridge summary

Chinese imports of Russian wheat significantly increased by 2.9 times to $86.5 million during the first 11 months of the year, compared to the same period in the previous year, despite a drop in November deliveries due to drought impacting wheat production. Russia continues to rank as the third largest wheat supplier to China, following Kazakhstan and Canada. Conversely, corn exports from Russia to China saw a 2.9 times decrease to $28.8 million in the same period, but November corn deliveries increased slightly.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As reported by the Latifundist portal, citing the Russian agency Interfax, during the 11 months of this year, China imported Russian wheat for $86.5 million. This is almost three times (specifically 2.9 times more) than during the same period last year ($29.9 million). This follows from information from the State Customs Administration (STU) of the People's Republic of China. Wheat exports from Russia However, it should be noted that in November these deliveries were lower than a year earlier. They fell by more than half year-on-year to $2.3 million from $5.1 million. This is the result of problems with the winter wheat form in Russia. Drought did its job. Wheat production in Russia - However, the Russian Federation managed to maintain the third position among the largest suppliers of wheat to the Chinese market after Kazakhstan ($5.8 million) and Canada ($3.2 million). In November, China bought wheat from five countries in total, according to a report cited by Latifundist. What ...
Source: Farmer.pl

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