Why are EU sanctions dangerous for consumers of Russian grain?

Published 2024년 6월 4일

Tridge summary

Russia is facing challenges in finding markets for its durum wheat after the EU imposed protective duties on Russian grain, but Russia sees the Europe's limitations as insignificant and plans to continue exporting about 70 million tons of grain this season. The middle East and North Africa are potential markets for Russian grain, and Russia aims to consolidate its position as the largest supplier of wheat to the world market. The impact of May frosts and weather conditions on grain harvest is uncertain and will be clear at the early harvesting stage. Russian farmers are advised to sell little by little at current prices due to unpredictable future prices and infrastructure capacity.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, Europe willingly bought durum wheat from us for pasta production. But recently the EU imposed protective duties on the import of Russian grain. Where can we now supply durum wheat, the export restrictions on which have recently been lifted? Eduard Zernin: Europe is such an insignificant case for us, its limitations for us are like a mosquito bite. The figure cited is approximately 5 million tons of annual supplies of Russian grain. But European officials, to put it mildly, lied when they counted not only the grain itself, but also the by-products of oilseed processing. For us, in any case, these are micro volumes, taking into account the fact that we are exporting about 70 million tons of grain this season, including 53 million tons of wheat. Our main export product - soft wheat - we supplied there at most several hundred thousand tons per year. There are other markets for durum wheat supplies. We are fantastically lucky in terms of geography: Russia is located next to ...
Source: RG

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