Wheat exports from Russia fell by 15% in October

Published 2023년 11월 1일

Tridge summary

Russia's grain exports decreased by 15% in October compared to the previous year, with wheat exports also experiencing a 15% decline. Corn supplies, however, increased significantly by 3.7 times. The decrease in exports is attributed to a decline in demand from major importing countries such as Turkey and Egypt, while exports to Iran, Pakistan, Indonesia, and other countries that were not buyers last year have increased.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From October 1 to October 30, Russia exported 5.35 million tons of major grain crops, which is 15% less than in the previous year, Interfax reports, citing data from the Russian Grain Union (RZU). The director of the union's analytical department, Elena Tyurina, told the agency that exports for the month can be expected to amount to 5.5 million tons, compared to 5.9 million tons in October last year. According to Tyurina, wheat exports also decreased by 15% and amounted to 4.7 million tons. For the entire month, shipments of about 4.9 million tons are expected, compared to 5.4 million tons in October 2022. Corn supplies to foreign markets increased 3.7 times to 299.5 thousand tons; about 309 thousand tons could be exported per month compared to 82 thousand tons a year ago. Barley exports fell by 55% to 270 thousand tons; a total of about 279 thousand tons are expected to be shipped for the month, compared to 620 thousand tons in October last year. Tyurina also noted that recently ...
Source: Agronovosti

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