Russia: 2.6 million tons of wheat exported in half a month

Published Sep 19, 2024

Tridge summary

Russian wheat exports have reached approximately 2.6 million tons since September, with an expected total of 5.3 million tons by the end of the month, according to Rusagrotrans. However, ProZerno predicts a slight decrease in exports to 5.5 million tons. Export prices for Russian wheat have remained stable, while global prices have increased by an average of 15% over the past month. Domestic prices in Russia have also seen an increase due to the impact of rainfall on wheat quality and the need for grain drying services. Emergencies have been declared in several regions due to waterlogged soil, leading to lower quality crops and yield decreases.

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

Original content

Wheat exports from the beginning of September to the middle of the month amounted to about 2.6 million tons - at the level of the same period last year, Interfax writes with reference to the analytical center of Rusagrotrans. By the end of the month, the volume of exports is forecast at 5.3 million tons against 5.5 million tons in September 2023. According to the analytical company ProZerno, 3.1 million tons of grain and legumes have been shipped since the beginning of September, including 2.9 million tons of wheat, and in general, according to its forecast, in September Russia can export 5.5 million tons of grain and legumes, including 5.2 million tons of wheat, Agroinvestor wrote earlier. Export prices for Russian wheat with 12.5% protein for delivery in September-October have not changed compared to the previous week and amount to $216-217 per ton FOB, Rusagrotrans analysts compared. Wheat quotes for November delivery are set at $220 per ton. French wheat has risen in price by ...

Source: AgroInvestor