Russia: Novosibirsk grain goes abroad

Published Nov 10, 2021

Tridge summary

Russia's Novosibirskkhleboprodukt JSC is optimistic about grain export prospects for harvest-2021 despite weather challenges, with over three million tons from the Novosibirsk region and five million tons from the Altai Territory. The company plans to expand its crop and trading markets, with a focus on protein groups and increased exports to Kazakhstan, Turkey, Greece, and Mongolia, despite current export duties. The rise in ship freight costs has not significantly affected the company's export volumes, and they are looking for solvent markets in North Africa and the Middle East due to global grain overproduction.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sergei Sokolov, General Director of Novosibirskkhleboprodukt JSC, tells about the chances of grain export in the harvest-2021. - In Russia, including in the Novosibirsk region, the harvesting campaign is coming to an end. Sergey Lvovich, please describe the grain harvest this year. - The harvest in 2021 was officially expected at 127 million tons - an above average figure. But the weather made adjustments, and the Urals Federal District suffered from drought. There was no rainfall for more than 60 days after sowing. Therefore, in the end, we purchased part of the volumes in the Volga Federal District. This created a certain demand on the domestic Russian market. The results of the Russian grain balance are still being summed up. But it is already clear that there will be over three million tons in the Novosibirsk region. This is a great result. High performance as a result of the harvesting campaign in the Altai Territory - five million tons. So the potential both for filling the ...

Source: Zol