News

Russia exported more than 66 million tons of grain in 2023

Grains, Cereal & Legumes
Russia
Market & Price Trends
Published Feb 21, 2024

Tridge summary

In 2023, Russia set a record by exporting over 66 million tons of grain, worth nearly $16.5 billion, with wheat, corn, and barley being the primary exports. Despite a decrease in global prices, the country's agricultural export revenue continued to rise, reaching $43.5 billion. Russia's export portfolio has diversified to include fish, seafood, fat and oil products, meat, dairy, and confectionery products. Currently, Russia supplies food to over 150 countries, with 90% of all products being exported to friendly nations.
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 2023, Russia exported more than 66 million tons of grain worth almost $16.5 billion. This was announced by Russian Minister of Agriculture Dmitry Patrushev at a meeting with Russian President Vladimir Putin. “In 2023, we sold abroad more than 66 million tons of grain worth almost $16.5 billion. This is an absolute record for Russia. I’m talking about 2023 now. Most of our volume was wheat, corn and barley,” he said Patrushev. He also noted that Russia continues to hold first place in the world in wheat trade and is the main supplier of this crop to countries such as Egypt, Turkey, Saudi Arabia, India and China. “Despite the significant decline in world prices, our income from exports of agricultural products continues to grow. Accordingly, in 2023, revenue amounted to $43.5 billion, which is $1.5 billion higher than the export revenue of 2022,” the minister added. “Our product range is also increasing. In addition to grain, fish, seafood, fat and oil products, meat, dairy, and ...
Source: Kvedomosti
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