The Russian Food Quality Assessment Center: From July 2020 until now, exports of wheat to Egypt and soybeans to South Korea have reached the level of the previous agricultural year

Published 2021년 2월 3일

Tridge summary

The "Grain Quality Evaluation Center" of the State Budget Agency of Russia has reported significant achievements in the country's grain exports ahead of the second half of the 2020-2021 export season. Notably, Russia's wheat exports to Egypt and soybean exports to South Korea have reached records equivalent to the entire previous export season. As of January 28, Russia's total grain and processed product exports have surpassed the same period in the 2019-2020 agricultural year by 20%, with wheat and barley making up the majority. In response to rising food prices, the Russian government has implemented export quotas and taxes on various grains to ensure domestic supply and support local processing industries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The “Grain Quality Evaluation Center” of the State Budget Agency of the Russian Federation pointed out in the analysis materials that before the start of the second half of the 2020-2021 export season (starting on July 1), Russia’s wheat exports to Egypt and soybean exports to South Korea have reached The level of the entire season of the previous export season. The analysis material reads: “The export of wheat to Egypt is 6.4 million tons, which is 3% higher than the entire season of 2019-2020. As of last weekend, the export of soybeans to South Korea is 18,000 tons, which is higher than that of 2019-2020. In 2020, it will exceed 5%." According to the data of the local department of the Russian Animal and Plant Inspection and Quarantine Service, according to the issued phytosanitary certificate, as of January 28, Russia has exported a total of 40.9 million tons of grains and processed products (including to Europe The exports of the Asian Economic Union countries are 20% higher ...
Source: Foodmate

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