In February, the Russian Federation increased shipments of wheat for export by 24%

Wheat

Russia

Published Mar 1, 2023

Tridge summary

In February, the Russian Federation shipped 2.95 million tons of wheat for export, which is 24% more than in February last year, follows from the monitoring of the Russian Grain Union. Elena Tyurina, director of the Union's Analytical Department, told Interfax that barley exports grew by 7.5% to 161,000 tons, and corn fell by 1% to 410,000 tons. The total shipments of grain increased by 19.5% to 3.5 million tons. "In total, since the beginning of the season (since July 1, 2022), we have shipped 38.6 million tons of grain, which is 13.8% more than in the same period of the previous season. Including shipments of wheat, we came close to 34 million tons, which 17.6% more than the previous season,” she said, “Shipments of barley and corn are 8% and 9.5% less, respectively.”

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According to her, in February, wheat supplies to Egypt increased more than three times - to almost 800,000 tons. Shipments to Turkey decreased by 8.5% to just over 400,000 tons. "In February last year, there were no exports to Pakistan, Bangladesh, Saudi Arabia. In February of this year, almost 300 thousand tons were shipped to Pakistan, almost 200 thousand tons to Bangladesh, 130 thousand tons to Saudi Arabia," the expert said. "Shipments are growing to the UAE, as well as to African countries. At the same time, there are no exports to Iran yet." According to Tyurina, 32 companies shipped wheat in February against 43 a year earlier. Speaking about exports from February 20 to 27, she said that, despite the adverse weather conditions in the southern ports, wheat shipments exceeded last year's figure by 1% and amounted to 550,000 tons. "Demand for barley is starting to grow. Its shipments reached the figure of the last week of February last year - 33,000 tons, and before that they ...

Source: Zol