What are the export prospects in the 2024/25 season: Volumes of global grain consumption, new directions, and capacities for shipments

Published 2024년 9월 11일

Tridge summary

The Ministry of Agriculture maintains its grain harvest forecast at 132 million tons, with 86 million tons being wheat, despite weather challenges. The UN predicts a decrease in global grain production in 2024 due to increased wheat production in the United States, China, and Argentina, but global grain consumption is expected to decrease, leading to a surplus. Russia's grain exports, particularly wheat, are on the rise, with Egypt, Turkey, and Saudi Arabia as the main buyers. Russia has also started exporting legumes to India. The article also discusses the development of elevators and logistics facilities in Russia to facilitate grain exports, and introduces the "Grain-Aggregator" platform for buying and selling grain.

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

Original content

Despite the weather difficulties in a number of regions, the Ministry of Agriculture leaves the grain harvest forecast unchanged - 132 million tons, of which 86 million is wheat. The export potential is estimated at 60 million tons of grain. According to forecasts of the Food and Agriculture Organization of the United Nations (hereinafter referred to as FAO), world grain production in 2024 will be lower. In September, it was reduced by 2.8 million tons compared to the July forecast. At the same time, wheat production will increase and amount to 791.4 million tons. The increase in production will be mainly due to a good harvest in the United States, where the winter crop harvest has almost been completed, and due to a slight increase in production in China (mainland) and Argentina. Experts from Zerno-Aggregator LLC talk about the balance of grain crops on the world market, the development of elevators in Russia and the first results of exports in the new agricultural season. In ...

Source: Zol