Grain exports from Russia may grow to 75 million tons by 2030

Published Sep 14, 2024

Tridge summary

The Agroexport Center of the Russian Ministry of Agriculture forecasts a significant increase in the country's agricultural exports by 2030. Wheat exports are projected to reach 56.9 million tons, and total grain exports are expected to rise to 75 million tons. Leguminous crop exports, including peas, are also anticipated to grow to 4.8 million tons. In the 2023/24 agricultural year, Russia ranked among the top five grain exporters globally, with a record harvest of grain and leguminous crops. The demand for leguminous crops, particularly peas, has surged due to increased demand from China and India, with exports exceeding 1.5 million tons in the first eight months of the year, marking a 35% increase.

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Original content

By 2030, wheat exports from the Russian Federation may reach 56.9 million tons, and total grain exports may reach 75 million tons, the Agroexport Center under the Ministry of Agriculture reports based on preliminary expert estimates. They were presented at the conference "Measures to Enhance the Competitiveness of Russian Agricultural Exporters". According to the Agroexport report, leguminous crop supplies to the world market may grow to 4.8 million tons by 2030, including 3.7 million tons of peas. As reported, in the 2023/24 agricultural year (July-June), grain and leguminous crop exports amounted to 72.2 million tons, including 54.1 million tons of wheat. The Center reminds that the Russian Federation "is consistently among the world's top five largest grain exporters and occupies a leading position in wheat exports due to record production volumes over the past two seasons." In addition, a record volume of leguminous crops was harvested in 2023 - 6 million tons. "Wheat and ...

Source: Milknews