Russian grain export shipments fell by a quarter in September

Published 2024년 10월 2일

Tridge summary

In September, Russia's grain exports experienced a significant decline, dropping by 25% compared to the same month last year. This decrease affected key grains such as wheat, barley, and corn, with the variety of exported grains reducing from 29 to 8 types. The number of countries importing Russian wheat also fell from 52 to 33, although Egypt remains the largest buyer. Exports to nations like Turkey, Iran, and Pakistan have notably decreased. Additionally, the number of exporting companies has shrunk from 123 to 45. Overall, grain exports for the first three months of the current season are down by 11.4% compared to the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In September, Russia shipped 5.76 million tons of major grain crops for export, which is a quarter less than in September last year, according to the monitoring of 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 million 286 thousand tons, a drop of more than 1 million tons. Barley was shipped at 340 thousand tons against 1 million 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 sent in ...
Source: Oilworld

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