Russia increased wheat export shipments by 27% from September 1 to 18

Wheat

Grains, Cereal & Legumes

Russia

Market & Price Trends

Published Sep 20, 2023

Tridge summary

The Russian Federation exported 3.3 million tons of wheat from September 1 to September 18, which is a 27% increase compared to the same period last year. Indonesia has entered the top three buyers of Russian wheat, alongside Egypt and Iran. While shipments of major grain crops have increased, there has been a decrease in barley exports and an increase in corn exports.

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

From September 1 to September 18, the Russian Federation exported 3.3 million tons of wheat, which is 27% more than in the same period last year. Indonesia entered the top 3 buyers, according to the monitoring of the Russian Grain Union. As Elena Tyurina, director of the union's analytical department, told Interfax, shipments of all major grain crops during this period increased by 20.5%, to almost 3.7 million tons. In particular, barley exports decreased by 17%, to 374 thousand tons, corn - increased almost 1.7 times, to 24.3 thousand tons. According to her, Egypt became the largest buyer of wheat during this period. "He is gradually restoring purchases. If at the beginning of the season (July 2023 - IF) they were 30-40% lower than last year, now the backlog is 9%. From September 1 to September 18, 535 thousand tons of Russian wheat were shipped to Egypt against 588 thousand tons a year ago." In second place is Iran, where 276 thousand tons were shipped. But this is 35% less than ...

Source: Zol