Russia faces difficulties in exporting wheat to the world market
Wheat
Russia
Published Dec 7, 2022
Tridge summary
The volume of wheat exports in December may reach a record level of 4-4.8 million tons. But in the future, Russian wheat on the world market can compete with Ukrainian grain, and a decrease in the cost of wheat in other countries will also negatively affect the export of Russian grain, Kommersant writes, citing industry analysts' forecasts.
Original content
In November, Russia already exported 4.8 million tons of wheat, taking into account deliveries to the countries of the Eurasian Economic Union (EAEU). However, part of the export had to be postponed until December due to deteriorating conditions in the southern ports. However, conditions are unlikely to improve in December, and the situation may repeat itself, Dmitry Rylko, Director General of the Institute for Agricultural Market Studies (IKAR), believes. This may reduce wheat exports below 4 million tons. In December, Russian exports may also be held back by a shortage of wagons ...
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