Russian grain exports fell by 10% in October

Published 2024년 10월 30일

Tridge summary

From October 1 to October 20, Russia's grain exports totaled 3.93 million tons, a 10% decrease from the same period in 2023, with wheat making up 89.4% of the exports. The number of exporting companies and the geography of deliveries are decreasing, with Egypt, Turkey, and Algeria being the largest buyers. Despite the decrease in export potential due to lower gross harvests, the monthly deliveries are in line with the average figures for the past five years. The price situation remained stable, with a good discount for Russian wheat compared to European wheat.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From October 1 to 20, Russia shipped 3.93 million tons of major grain crops for export, which is 10% less than in the same period of 2023, according to the monitoring of the Russian Grain Union. As Elena Tyurina, director of the analytical department of the union, told Interfax, wheat shipments decreased by 5%, to 3,512 thousand tons. "But this is already a smaller gap than it was in September, when shipments fell by 16%," she said. Barley exports decreased by 14%, to 312 thousand tons, corn - three times, to 102 thousand tons. "In principle, this dynamic is expected, since the export potential in the current season (July 2024-June 2025 - IF) is lower due to a decrease in gross harvests," Tyurina said. "At the same time, monthly deliveries correspond to the average figures for the past five years, even slightly more. In September, wheat exports from Russia amounted to 5.3 million tons, the average monthly figure for the past five years is 5 million tons, in August - 6 million and ...
Source: Agrovesti

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