Russia: Accumulative precipitation in the Siberian Federal District is generally higher than last year

Wheat

Published Mar 6, 2024

Tridge summary

Igor Sergeevich Pavensky, head of agricultural market analysis at Rusagrotrans JSC, highlighted at the 17th Winter Grain Conference that Russia's wheat exports have reached a record 35.8 million tons, with key importers including Bangladesh, Pakistan, Algeria, Indonesia, and Kenya. Kazakhstan, once the third largest importer, has now fallen to sixth place. Russia's barley exports, especially to China, are also at record levels. However, domestic grain transportation has seen a decline, with Siberia dropping to third place. Despite this, the forecast for Siberia's harvest in 2024 is 9.7 million tons, a rise from 9 million tons in the previous year.

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Original content

Speech by Igor Sergeevich Pavensky, head of agricultural market analysis, marketing director of Rusagrotrans JSC (Moscow). He analyzed the export potential and grain rail transportation, and also gave a harvest forecast in the Siberian Federal District at the 17th Winter Grain Conference. Export - Supplies of wheat from the Russian Federation to different countries, incl. to Kazakhstan, by the end of February they reached a volume of about 35.8 million tons. This is record-breaking dynamics. And what’s interesting is that the volume was achieved not at the expense of our key countries, but at the expense of such countries as Bangladesh, Pakistan, Algeria, Indonesia, and Kenya. Kazakhstan moved from 3rd to 6th place among importers. About 1.2 million tons were imported here from July to February 2023/24 versus 2 million tons. Now it has become easier to track exports to Kazakhstan - everything goes by rail. Last season, taking into account road transport, about 3.2 million tons ...

Source: Oilworld