ICAR assessed wheat exports from Russia in the 2024-25 agricultural year

Wheat

Russia

Market & Price Trends

Published Mar 16, 2024

Tridge summary

In the 2024-2025 agricultural year, Russia's wheat exports are projected to decrease to nearly 50 million tons from the previous year's 62 million tons, according to Dmitry Rylko, general director of the Institute for Agricultural Market Studies. The estimate is based on a projected harvest of 93 million tons. Russia, which supplies wheat to over 120 countries, is expected to have a total grain harvest of 147 million tons, with no negative preconditions for the future harvest in any of the grain-producing regions.

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Original content

In the next 2024-2025 agricultural year, Russia can export almost 50 million tons of wheat. As Finmarket reports, Dmitry Rylko, general director of the Institute for Agricultural Market Studies (IKAR), said this at the capital conference “Crop Growing of Russia”. This figure is much lower than in the last agricultural season (changes every July of the calendar year - ROSNG). Then, according to various estimates, it was around 62 million tons (including 29-30 million tons of wheat). Let us remind you that our country supplies wheat and grains in general to the Middle East, Africa, Asia and even some EU countries. The number of large buyers for several years in a row includes Bangladesh, Egypt, Yemen, Saudi Arabia, Turkey and a number of other countries. In total, Russian grain is purchased by more than 120 countries around the world. Additional quotas were distributed to grain exporters The expert explained that the new estimate is based on a possible harvest of 93 million tons. ...

Source: Rosng