News

Russia: Grain exporters supported by reduced competition

Grains, Cereal & Legumes
Russia
Market & Price Trends
Published Oct 30, 2023

Tridge summary

Grain export volumes from the Rostov region increased in the 2022/2023 season, despite export duties and declining world prices. The RIF Trade House took the lead in the ranking of the largest grain exporters in the region, with Aston in third place. Russia set a new record for total grain exports in this season, reaching 60 million tons.
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

In the ranking of the largest domestic grain exporters, compiled by the ProZerno analytical agency based on the results of the 2022/2023 agricultural season, the number of companies headquartered in the Rostov region remained the same. The RIF Trade House took the lead in the ranking, with Aston in third place for the second year in a row. The STEPPE agricultural holding, after declining last year, returned to the top of the second ten. Russia's total grain exports in the 2022/2023 agricultural year amounted to 60 million tons - this is a new record. The previous one was established in the 2017/2018 season, when Russia had the highest grain harvest and exports reached 56 million tons. The increase in export volumes for the 2021/2022 season was 1.5 times - this is explained not only by the record harvest and large carryover balances, but also by the low base of the previous season (then export volumes fell by 24%). It is important to note that the ProZerno rating takes into account ...
Source: Zol
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