Export of wheat from Russia may break the historical record of the 2017/18 season
Wheat
Russia
Published Nov 19, 2022
Tridge summary
“The current pace, the active expansion of the geography of supplies and the potential for wheat exports indicate that the export of wheat in the season 2022/23 can reach 43.5 million tons, which will be a historical record, and the export of grain, taking into account legumes and flour, can reach 57 million tons ", the materials say. Including the forecast for wheat exports in November 2022 was increased from 5.1 to 5.2 million tons.
Original content
At the same time, a record 4.2 million tons can be shipped through four deep-water ports (the previous record in August 2018 was 4 million tons). The only risk factor, according to analysts, is the rainy and windy weather that has been established at the present time. By the end of the 2022-23 agricultural year, Russia expects to export 50 million tons of grain. Earlier, in an interview with pole.rf magazine, the head of the Union of Grain Exporters, Eduard Zernin, said that the pace of shipments in the current quarter was a record one, but they were slowed down by hidden sanctions, a strong ruble and export restrictions. Situation in Russia Over the past week, the domestic market has strengthened in Siberia and remained unchanged in other regions: In the South, EXW prices for grade 4 wheat (12.5% protein) remained around 12,200–13,000 rubles per tonne, excluding VAT ; In the Center - 10,800–11,100 rubles per ton; In the Volga region (Volgograd and Saratov regions) - 10,700–11,700 ...
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