From January 1 to January 21, Russia reduced grain export shipments by almost 25%

Wheat

Grains, Cereal & Legumes

Russia

Market & Price Trends

Published Jan 24, 2024

Tridge summary

Russia's grain exports have seen a significant decrease of 24.5% from January 1 to January 21, compared to the same period last year, with wheat and corn shipments falling by 29% and 32% respectively. This decline is largely attributed to reduced shipments to Egypt and Pakistan. However, barley exports have seen a substantial increase, and shipments to Bangladesh have also risen. The price of wheat globally stands at $80 per ton, while Russian wheat is priced at $50 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

Moscow. January 23. INTERFAX.RU - From January 1 to January 21, the Russian Federation shipped 2.6 million tons of grain for export, which is 24.5% less than a year ago, according to the monitoring of the Russian Grain Union. As Elena Tyurina, director of the union's analytical department, told Interfax, wheat shipments fell by 29%, to 2.1 million tons, corn - by 32%, to 265 thousand tons. At the same time, barley exports increased 2.3 times, to 203 thousand tons. “This decline in exports can be associated, first of all, with a reduction in shipments to Egypt. It ranks first in the ranking of buyers, but shipments fell by 38.5%, to 448 thousand tons,” the expert said. “In addition, by 40% "Less wheat was shipped to Pakistan - 231 thousand tons. Third place in the ranking is occupied by Bangladesh. Here the dynamics are positive: shipments increased 3.8 times, to 213 thousand tons." 187.5 thousand tons of wheat were shipped to Turkey, which is 57% less than last year, and 135.5 ...

Source: Interfax