Grain Gates became the largest grain exporter from Russia in the 2023/24 season

Published 2024년 7월 19일

Tridge summary

The Russian Federation's wheat exports to Indonesia increased tenfold during the past agricultural year, with Grain Gates being the country's largest grain exporter, having shipped 14.1 million tons of agricultural products abroad. This represents an 81% increase from the previous year, with the majority of exports being grain crops such as wheat, barley, and corn. The company expanded its supply destinations from 26 to 42 countries and increased its presence in deep and low water ports. Russia exported over 70 million tons of grain during the season, increasing its share in the global wheat market to 28%. Indonesia was among the top buyers of Russian grain products, with a significant increase in wheat, millet, and coriander purchases.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In general, based on the results of the past agricultural year, the Russian Federation increased wheat exports to Indonesia by 10 times According to the results of the 2023/24 season, the Grain Gates company shipped 14.1 million tons of agricultural products to foreign markets and became the largest exporter of grain from Russia. Compared to the 2022/23 agricultural year, when 7.8 million tons of cargo were sent abroad, deliveries increased by 81%. The bulk of the company's exports came from grain crops: wheat, barley and corn. Also last season, Grain Gates exported beet pulp and molasses. The geography of the company’s supplies expanded from 26 countries in the 2022/23 season to 42 in the past agricultural year. The main export destinations were Egypt, Türkiye, Libya, Algeria and Indonesia. Green Gates also expanded its cargo transshipment channels: in the 2023/24 season, the company increased its presence in ports in deep water (Tuapse and Vysotsk) and in low water (ports of ...

Source: Specagro