Over the 17 days of June, Russia reduced grain export shipments by 11%

Published Jun 18, 2024

Tridge summary

From June 1 to June 17, Russia exported 2.7 million tons of grain, marking an 11% decrease from the same period last year, according to the Russian Grain Union. Wheat exports saw a slight decline of 0.8%, while barley and corn exports dropped significantly by 26% and 63%, respectively. Total grain exports for June are projected to be slightly less than last year, estimated at 4.95 million tons. Egypt, Saudi Arabia, and Türkiye were the top buyers of Russian wheat, although shipments to Egypt and Türkiye decreased. Africa is becoming an important market for Russian wheat. Additionally, the number of exporting companies and ports used for shipments has decreased compared to last year.

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

Original content

From June 1 to June 17, Russia shipped 2.7 million tons of grain for export, which is 11% less than in the same period last year, according to the monitoring of the Russian Grain Union. As Elena Tyurina, director of the union's analytical department, told Interfax, wheat exports amounted to 2 million 380 thousand tons, which is 0.8% less than a year earlier. The decline in shipments of barley and corn was more significant. Thus, barley exports fell by 26%, to 204 thousand tons, corn - by 63%, to 135 thousand tons. “Based on the current trend, we can expect that the volume of exports in June for the main types of grain will be slightly less than last season, when 5.1 million tons were sent abroad. I think this year we will reach 4.95 million tons “, Tyurina said. “In particular, wheat shipments this month may amount to 4-4.1 million tons versus 4.2 million tons a year earlier.” Thus, she noted, at the end of the season (until June 30, 2024 inclusive), grain exports will amount ...

Source: Milknews