Russia: Export of wheat in January will amount to 4 million tons, the record pace of deliveries is explained by the high harvest

Wheat

Russia

Published Feb 1, 2023

Tridge summary

Export of wheat in January will amount to 4 million tons (including the countries of the EAEU), as of January 27, 3.3 million tons were shipped, according to the Telegram channel of the Union of Grain Exporters, citing data from the Rusagrotrans analytical center. According to Eduard Zernin, chairman of the board of the union, record shipments are explained by a huge harvest. The five largest buyers of Russian wheat remain the same: Turkey, Egypt, Iran, Saudi Arabia, Algeria. But now Pakistan, as expected, has approached the top 5, having already purchased more than 1 million tons of Russian wheat. According to forecasts, the volume of deliveries in February will be approximately the same, since at the moment there are already applications for 3.3 million tons only at deep-water ports. Plus, the dispatch of some ships will be postponed from January.

Original content

Export of wheat in January will amount to 4 million tons (including the countries of the EAEU), as of January 27, 3.3 million tons were shipped, according to the Telegram channel of the Union of Grain Exporters, citing data from the Rusagrotrans analytical center. According to Eduard Zernin, chairman of the board of the union, record shipments are due to the huge harvest. The five largest buyers of Russian wheat remain the same: Turkey, Egypt, Iran, Saudi Arabia, Algeria. But now Pakistan, as expected, has approached the top 5, having already purchased more than 1 million tons of Russian wheat. According to forecasts, the volume of deliveries in February will be approximately the same, since at the moment there are already orders for 3.3 million tons from deep-water ports alone. Plus, the dispatch of some ships will be postponed from January. “The dynamics of shipments in early January, of course, was affected by favorable weather conditions, which did not allow exporters to ship ...

Source: Zol