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
Most of the largest grain traders from the Rostov region increased grain export volumes in the record season 2022/2023. According to the expert, despite the export duty and the decline in world prices, exporters’ margins remained high due to decreased competition and the fact that prices within Russia fell faster than world prices. 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 ...
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