Russia is on track to set a new record for grain exports in the 2023/2024 season, with a predicted 65 million tons to be sold abroad, exceeding the previous season's record of 60 million tons. Wheat exports have significantly increased by 23 percent, with main recipients being Turkey, Egypt, Bangladesh, and Algeria, along with new importers such as Indonesia, Malaysia, and Venezuela. Barley recipients include Saudi Arabia, Iran, Libya, and China, while Iran also leads in corn imports from Russia. The increase in the number of importers is seen as a positive sign for the Russian agricultural market.
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Russia has a chance to set a new record for grain exports in the 2023/2024 season, reports the Russian edition of Forbes magazine. The country is on track to sell 65 million tons of grain abroad during the current season. This would mean that the record result from the 2022/2023 season, which was 60 million tons, would be broken. Bold prognosis This conclusion was reached after analyzing data and estimates provided by the Russian Union of Grain Exporters and the Ministry of Agriculture. Eduard Zernin, president of the board of the Association of Grain Exporters, quoted by Forbs, said that it is too early to declare a record, because it is only halfway through the export year, which starts in July, but it cannot be denied that the situation looks very favorable. Zernin revealed that exports have already exceeded 30.8 million tons, which is 33 percent more compared to the same period of the previous agricultural year. Wheat exports increased significantly - by 23 percent - and it ...
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