The expert spoke about the problems of Russia due to the large grain harvest

Published 2022년 11월 8일

Tridge summary

Russia has recorded a record grain harvest, but experts caution that domestic consumption is low and export limits are in place. Sergei Lisovsky, a State Duma deputy, highlighted the logistical challenges preventing the export of surplus grain at normal prices. Elena Tyurina, Director of the Department of the Russian Grain Union, noted that Russia exports over half of the wheat grown, with an export potential of approximately 50 million tons this year. However, exports have seen a significant decline following the grain deal, with Turkey and other countries increasing purchases amid speculation of Russia's potential withdrawal from the deal.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia has harvested a record grain crop, but experts are in no hurry to rejoice: domestic consumption is much lower, and exports are limited today. At the press conference "MK" experts told what is happening on the market today. “A bad harvest is bad, a big harvest is even worse. It has always been like this,” said Sergei Lisovsky, a State Duma deputy and a member of the Committee on Agrarian Issues. “Today, logistics is complicated, so we cannot take out the excess at a normal price. There seems to be an agreement on the grain deal that sanctions have been lifted from us, but the sanctions on logistics have not been lifted - that is, we were deceived. I want to note that the price of bread does not depend on the price of flour, so even if prices rise slightly, this will not affect the buyers. And to our negotiators, when there is a second stage of negotiations, I would advise to take with them a real group of professionals who sell grain, so that they explain agricultural ...
Source: Zol

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