World: Overseas agriculture-related information express

Published Dec 17, 2023

Tridge summary

Russia's wheat exports have hit record levels, reaching 23.6 million tons from July to November this year, with a projected total of 49.2 million tons for the agricultural year. However, the Russian government has temporarily banned the export of durum wheat until May 31, 2024, in order to ensure national food security and price stability. Similarly, Argentina has suspended the export registration of cereals and by-products, citing potential market impact on the peso's depreciation.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

1. The analysis center of Rusagrotrans, Russia's largest agricultural freight forwarder, recently released a report showing that Russia's wheat exports from July to November this year hit a record of 23.6 million tons, a year-on-year increase of 3.8 million tons. Russia's wheat exports this agricultural year may reach 49.2 million tons. tons, which is the same as the previous agricultural year. At the same time, export target countries are also expanding. In this agricultural year, Russian wheat exports to 67 countries, compared with 57 countries in the same period last year. ​ 2. According to the World Grain Network, the Russian government issued a decree on December 11 to temporarily ban the export of durum wheat until May 31, 2024, to ensure national food security and price stability. The decree clarified that temporary restrictions do not apply measures, including the provision of durum wheat as humanitarian aid. Exports of durum wheat to the Eurasian Economic Union member ...
Source: Foodmate

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.