Russia: Export supplies of barley since the beginning of the agricultural year reached 4.9 million tons

Barley

Grains, Cereal & Legumes

Russia

Market & Price Trends

Published Feb 3, 2024

Tridge summary

The export of Russian barley has seen a significant increase of 56% in the current agricultural year, reaching 4.9 million tons over seven months, according to the Union of Grain Exporters. Saudi Arabia was the main importer with a 334% increase in purchases, followed by Libya with a 136% increase. However, Iran reduced its imports by 39%. Other countries like China and Tunisia also increased their imports significantly. The rise in exports has led to an increase in Russian barley quotes, with purchasing prices for exporters rising by almost 500 rubles per ton.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The export of barley for 7 months of the current agricultural year amounted to 4.9 million tons - 56% higher than the level of the same period of the last grain season, the Union of Grain Exporters reported. As follows from the data provided by the union, Saudi Arabia has become the largest importer of Russian barley. The Middle Eastern state purchased 1.3 million tons, increasing purchases by 334% compared to last season. Libya also increased its imports by 136% to 733 thousand tons, while Iran, on the contrary, reduced imports by 39%, purchasing 654 thousand tons. In fourth and fifth places are China and Tunisia, which imported small volumes of Russian barley last season. Over the 7 months of the current season, China purchased 557 thousand tons of barley from Russia, which is almost 12 times higher than the level of the same period in the 2022/23 season (47 thousand tons). Tunisia, in turn, increased imports more ...

Source: Zol