From February 1 to 10, the Russian Federation increased shipments of grain for export by almost 1.6 times

Russia

Published Feb 14, 2023

Tridge summary

From February 1 to February 10 this year, the Russian Federation exported 1,238 tons of basic grain crops, which is 1.56 times more (by 445 thousand tons) than in the same period last year, follows from the monitoring of the Russian Grain Union. Elena Tyurina, director of the union's analytical department, told Interfax that shipments of wheat increased by 76%, to 1.014 million, and corn by 18%, to 165,000 tons. Shipments of barley were less by 3.4% and amounted to 59.4 thousand tons. According to her, during this period, 124 thousand tons of all types of grain were exported daily against 79 thousand tons in the first ten days of February 2022. In particular, daily shipments of wheat amounted to 101 thousand tons against 57.5 thousand tons a year earlier. "Based on this trend, we can say that from the beginning of the month until February 15, that is, before the date the export quota comes into force, 1 million 858 thousand tons of all types of grain will be shipped against 1 million 189 thousand tons from February 1 to 15 2022," she said.

Original content

"Including shipments of wheat may amount to 1 million 520 thousand tons against 863 thousand tons last season. Thus, from the beginning of the current season (from July 1, 2022 - IF) until February 15, 2023 grain exports are estimated at 36.9 thousand tons, including 32.5 million tons of wheat, about 3.1 million tons and 1.4 million tons of corn." According to her, based on the forecast of grain exports this season (July 2022-June 2023) at 62.7 million tons, the export potential for the period of the quota (from February 15 to June 30) can be estimated at 25.8 million tons. , including wheat - 19.5 million tons. "That is, it actually corresponds to the volume that is included in the quota (25.5 million tons - IF)," the expert said. Tyurina also said that active purchases from Egypt continued in February - 368 thousand tons were shipped to its market in 10 days against 134 thousand tons a year earlier (by 2.7 times). Shipments to Turkey increased by 54% to 192 thousand tons against ...

Source: Zol