January wheat exports to be lowest in four years

The Rusagrotrans Analytical Center has increased its estimate for Russian wheat exports in January from 2-2.1 million tons to 2.4 million tons (including the EAEU countries). However, this volume will still be 1.7 times less than the volumes in January 2024, when 4.08 million tons were exported, and will be the lowest in the last four years. The last time the lowest level of shipments was recorded was in January 2022 — 1.9 million tons, the analytical center told Agroinvestor. From January 1 to January 16, 2025, about 0.9 million tons of wheat were shipped abroad. In February, wheat exports are expected at a similar level — up to 2.5 million tons compared to 4.4 million tons a year ago. Among the reasons for the slowdown in shipments, analysts cite stagnation in export prices, low sales volumes from agricultural producers at prices offered to exporters in ports, and, as a result, a negative margin on export deliveries. Export bid prices for Russian wheat with 12.5% protein for ...