Why is Kazakh grain better than Russian grain? And why was the chairman of the Russian Grain Union angry with China?

Published 2024년 2월 20일

Tridge summary

Arkady Zlochevsky: “China is increasing grain purchases, but not from us!” “After very high prices, which we provoked with our own actions in 2022, the world adjusted, acreage and investments in wheat were added, and this boomerangs back to us by reducing the cost,” complains Arkady Zlochevsky, president of the Russian Grain Union. According to him, “it is easy to correct the domestic price situation with grain - to do this, it is enough to abandon the “notorious duties.” The business electronic newspaper Business Online writes about this. Russian Grain Union president Arkady Zlochevsky: “China is increasing grain purchases, but not from us!” He says that the PRC market for the Russian Federation remains very promising, but “we need to negotiate” so that the country opens its market for us. He says that Russia is increasing supplies of wheat to Latin America - Brazil and Mexico have begun to buy Russian wheat.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Arkady Zlochevsky: “China is increasing grain purchases, but not from us!” “After very high prices, which we provoked with our own actions in 2022, the world adjusted, acreage and investments in wheat were added, and this boomerangs back to us by reducing the cost,” complains Arkady Zlochevsky, president of the Russian Grain Union. According to him, “it is easy to correct the domestic price situation with grain - to do this, it is enough to abandon the “notorious duties.” The business electronic newspaper Business Online writes about this. The main beneficiaries of the grain deal are Turkey and China, President of the Russian Grain Union Arkady Zlochevsky at press conference on the situation on the world and Russian grain markets, he named the consequences of the suspension of the grain deal last summer: “now on the world market the price for class 4 wheat is $220 per ton, and when the deal was just terminated, prices were at level of 270-280 dollars, so during this time prices ...
Source: Agrosektor

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.