Russian grain export shipments fell by a quarter in September

Published 2024년 10월 2일

Tridge summary

In September, Russia experienced a significant decline in grain exports, with a 25% decrease compared to the previous year. Wheat shipments fell by 16%, and exports of barley and corn also saw substantial reductions. The variety of grain types exported dropped from 29 to eight, and the geographical range of shipments became more limited. Despite this, Egypt increased its purchases and remained the largest buyer, while exports to Turkey, Iran, and other countries decreased. The number of companies exporting wheat also declined sharply. Overall, in the first three months of the current season, grain exports were down by 11.4% compared to the previous year, with expectations of continued reduction due to logistical challenges and rising domestic demand.

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