Russia increases its exports by 60% in July after renouncing the grain agreements
Wheat
Russia
Published Aug 1, 2023
Tridge summary
Russia's cereal exports in July increased by 60% compared to the same month last year, reaching 5.68 million tons. The main customer for Russian grain has been Saudi Arabia, followed by Turkey, Egypt, and Israel. Russia's president, Vladimir Putin, believes that Russia can replace Ukraine as the world's supplier of grain due to its increased production capacity.
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Original content
Russia has increased cereal exports by 60% in July compared to the same month in 2022, coinciding with the Kremlin's resignation from the Black Sea grain agreements. Grain exports amounted to 5.68 million tons, as reported by Yelena Tiúrina, director of the analysis department of the Russian Grain Union, to the official RIA Nóvosti news agency. Of that volume, 4.54 million tons corresponded to wheat, which represents an increase of 50%, the source specified. The main customer for Russian grain has been Saudi Arabia, with 578,000 tons, followed by Turkey, 518,000 tons; Egypt, 467,000 tons, and Israel, 345,000. As for developing countries, Bangladesh imported 222,000 tons; Tanzania, 94,000 tons, and Sudan, 68,000. “New buyers of Russian wheat are the countries of Latin America. For example, Brazil received 62,000 tons and Peru, 49,000 tons. Last year Brazil and Peru did not buy our wheat”, he explained. A total of 33 countries received wheat shipments this month, seven countries ...
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