Russian grain exporters see growth in India and China

Published 2024년 6월 11일

Tridge summary

Russia's grain exporters are confident of increasing supplies of pulses and cereals to India and China, while also targeting traditional markets in the Middle East and North Africa. Despite Turkey's decision to suspend wheat imports, the Russian Ministry of Agriculture does not anticipate this to impact Russian exports. In fact, Russia aims to reduce global grain supplies to 60 million tonnes in the 2024/25 season. This decision does not faze the country, even with potential harvest damage due to spring frosts and drought, as the ministry maintains its forecast of a 132 million ton harvest, though it may adjust if drought persists.

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

Original content

Russia's grain exporters are optimistic about expanding supplies of pulses and cereals to India and China. At the same time, they continue to focus on their traditional markets in the Middle East and North Africa, as reported by the Russian Ministry of Agriculture last Tuesday. Even with Turkey's recent decision to suspend wheat imports, the Russian Ministry of Agriculture assured that this measure will not affect the level of Russian exports. In a statement following meetings between Agriculture Minister Oksana Lut and grain exporters, it was stated that Russia plans to reduce global grain supplies to 60 million tonnes in the new season (2024/25). "The meeting participants reached a consensus that Turkey's refusal to import will not affect our country's export potential," the ministry highlighted. "In the current environment, domestic exporters will focus on key markets in the Middle East and North Africa, as well as developing relationships with India and China, where there is ...

Source: Portal Do Agronegocio