News

From September 1 to September 24, the Russian Federation shipped 4.9 million tons of wheat for export

Grains, Cereal & Legumes
Wheat
Russia
Market & Price Trends
Published Sep 26, 2023

Tridge summary

Russia's wheat exports for September are expected to approach 6 million tons, a 30% increase compared to last season, with the figure potentially becoming the highest for September in the past six years, says Elena Tyurina, director of the analytical department at the Russian Grain Union. Traditional buyers such as Egypt and Iran have seen decreases in wheat purchases, while countries where there were no or insignificant shipments last season, such as Indonesia and Yemen, have seen significant increases. European wheat prices have risen by 2.9% over the week, while Russian wheat prices have fallen by 1.6%.
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

As Elena Tyurina, director of the union's analytical department, told Interfax, a total of 5.4 million tons of main types of grain were shipped, which is 20.7% more than a year ago. In particular, barley exports decreased by 27%, to 439 thousand tons, corn - increased by 32.5%, to 33.8 thousand tons. “We can already assume that wheat shipments in September will approach 6 million tons. This is 30% more than last season. This figure may become the maximum for September in the last six years,” she said. According to her, the most wheat has been sent to Egypt since the beginning of the month - 784 thousand tons, but this is 13% less than a year ago. Iran occupies second place, but in this direction there is a decrease of 40%, to 355 thousand tons. Shipments to Turkey decreased by 35%, to 310 thousand tons. “At the same time, 226 thousand tons were sent to Indonesia, where there were no exports last year. The top 5 is completed by Yemen, which increased purchases more than four times, ...
Source: Interfax
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