Russian grain exports fell significantly in October

Published 2023년 10월 25일

Tridge summary

Grain exports from Russia have decreased by 12.6% in the first two decades of this month, mainly due to a decrease in wheat exports. The main importers of wheat, including Egypt, Turkey, and Bangladesh, significantly reduced their purchases. However, there has been an improvement in exports to non-traditional buyers, such as Algeria, Yemen, and Kenya, suggesting a higher demand for Russian products in these regions. The decrease in exports may be attributed to technical restrictions imposed by the US, EU countries, and their partners, leading to a decrease in the number of ports and exporting companies involved in grain shipments.

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

Original content

Over the first two decades of this month, grain exports from Russia decreased by 12.6 percent from the same period last year or to 3.84 million tons. Interfax reports this with reference to data from the head of the analytical department of the Russian Grain Union (RGU) Elena Tyurina. The main role in this was played by the decrease in the indicator for wheat, which turned out to be very close - by 12.2 to 3.48 million. According to the expert, the two main importers of this grain (Egypt and Turkey) significantly reduced purchases - by 40 and 55 percent to 435 and 424 thousand tons, as well as Bangladesh - by 38 to 276 thousand, respectively. The reasons for the decline are not explained and, apparently, are of a technical nature. At the same time, Tyurina notes an improvement in the situation for non-traditional buyers of Russian culture. For example, supplies to Algeria, which is now in fifth place, increased by 42 percent to 188,500 tons, and to Yemen and Kenya, which are even ...

Source: Rosng