In the second ten days of March, Russia increased grain exports by almost 2.3 times – RZS

Wheat

Grains, Cereal & Legumes

Russia

Market & Price Trends

Published Mar 24, 2024

Tridge summary

Russia has increased its grain exports by 1.6 million tons in the second ten days of this month, totaling 2.875 million tons, as reported by the Russian Grain Union. The majority of the exports were wheat, accounting for 2.386 million tons. Since the start of the year, Russia's grain exports have remained consistent with last year's figures, with corn exports seeing a 43.6% increase and barley exports more than doubling. The main importers of Russian wheat are Egypt, Turkey, Libya, Saudi Arabia, and Bangladesh, with new markets emerging in Djibouti and Mexico.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

In the second ten days of this month, Russia increased grain supplies abroad by 1 million 606 thousand tons from the first ten days - up to 2 million 875 thousand. Interfax-Russia reports this with reference to data from the Russian Grain Union (RGU). Including, wheat accounted for 2 million 386 thousand tons, which is 1 million 318 thousand higher. The director of the organization's analytical department, Elena Tyurina, noted that since the beginning of the year, 4 million 143 thousand tons of main types of grain crops have been exported. This is approximately the same as for the same period last year. Including 3 million 454 thousand tons of wheat, which is 1.7 percent or 50 thousand tons more. Corn exports year-on-year increased by 43.6 percent or from 353,000 to 626,000 tons, barley - by 2.2 times from 155,000 to 336,400. In general, by the end of the month, the expert predicts an increase in supplies to 6.5 million tons, including 5.4 million tons of wheat (in the same month ...

Source: Rosng