Russia has updated its three-year grain export record, Rusagrotrans said

Wheat

Published Jan 18, 2024

Tridge summary

During the first half of the 2023-2024 agricultural year, Russia achieved record exports of grains, legumes, and flour, with a total volume of almost 39 million tons, a 19 percent increase from the previous season. The top importers of Russian wheat included Turkey, Egypt, Bangladesh, Algeria, and Pakistan, while other grains saw increased exports to new buyers such as China, Tunisia, Vietnam, and Venezuela. Export demand prices for Russian milling wheat fluctuated between $225 and $248 per ton in the first half of the season, with potential for further increases in the second half if weather disasters affect winter crops in major producing countries.

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Original content

In the first half of the 2023-2024 agricultural year, Russia updated the record for the export of grains and legumes, RIA Novosti was told by the analytical center of the country's largest operator in the agricultural cargo transportation segment, Rusagrotrans JSC. We are talking about the period from July 1 to December 31 last year. “The export of grains and legumes, including the EAEU countries, in the first half of the 2023-2024 season set a record for all main items. In general, the export of grains, including legumes and flour, according to updated data, amounted to almost 39 million tons. This is 19 percent higher than the previous one a maximum of 32.7 million tons achieved in the 2020-2021 season,” experts said. In particular, the volume of wheat exports is estimated at 27.6 million tons, 3.8 percent higher than the record of three years ago. In addition, the volume of exports of durum wheat by the beginning of December, when Russia introduced a ban on its export, reached ...

Source: Oilworld