Russian grain export shipments increased by 1% in October

Published 2024년 11월 1일

Tridge summary

In October, the Russian Federation saw a slight increase in grain exports, shipping 7.14 million tons, which is 1% more than the previous year, according to the Russian Grain Union. This marks the first increase this season, with the majority of the shipments being wheat, which increased by 10.8% compared to the previous year. However, barley and corn exports saw decreases of 31.6% and 62.5% respectively. Since the start of the season in July, 25 million tons of grain have been shipped, with a 7% decrease in wheat exports and a 13% decrease in total grain exports compared to the previous year. Egypt, Algeria, and Turkey were the largest buyers, with Kenya, Tunisia, and Nigeria also increasing their purchases. There were also new export destinations including Jordan, Sri Lanka, and Ethiopia, but there were no deliveries to Brazil, Tajikistan, Uzbekistan, Latvia, Iraq, and Pakistan.

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

Original content

In October, according to preliminary data, the Russian Federation shipped 7.14 million tons of grain for export, which is 1% more than in the same month last year, according to the monitoring of the Russian Grain Union. As Elena Tyurina, director of the analytical department of the union, told Interfax, monthly growth occurred for the first time this season (since July 2024). According to her, the main volume of shipments was wheat - almost 6.5 million tons against 5.8 million tons a year earlier (an increase of 10.8%). Barley exports decreased by 31.6%, to 430 thousand tons, corn - by 62.5%, to 217.7 thousand tons. In total, 25 million tons of the main types of grain have been shipped since the beginning of the season (July-October), including 21.8 million tons of wheat. Wheat exports are 7% less than last year, and total grain exports are 13% less. According to Tyurina, 62 companies shipped wheat in October, compared to 135 a year ago. "Egypt was expected to be the largest buyer ...

Source: Milknews