News

Russia reduced grain export shipments by 15% from October 1 to October 30

Grains, Cereal & Legumes
Wheat
Russia
Market & Price Trends
Published Oct 31, 2023

Tridge summary

In October, the Russian Federation exported 5.35 million tons of main grain crops, a 15% decrease compared to the previous year. Wheat exports decreased by 15% to 4.75 million tons, while corn shipments increased significantly. There was a decrease in shipments to countries such as Turkey, Egypt, and Bangladesh, but an increase in exports to Iran. Prices for wheat have been stable, with European wheat prices slightly decreasing and American wheat prices rising slightly. The overall price situation is expected to stabilize in the future.
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

“We can say that by the end of the month, exports will amount to 5.5 million tons compared to 5.9 million tons in October last year,” Elena Tyurina, director of the union’s analytical department, told Interfax. According to her, wheat exports have also decreased by 15% since the beginning of October, to 4 million 753 thousand tons. For the entire month, it could be about 4.9 million tons compared to 5.4 million tons last season. “Corn shipments increased 3.7 times, to 299.5 thousand tons, for the month there could be 309 thousand tons compared to 82 thousand tons last season,” she said. “Barley shipped 55% less - 270 thousand.” tons, by the end of the month 279 thousand tons can be shipped compared to 620 thousand tons in October last year.” As Tyurina stated, recently there has been a decrease in shipments to countries that lead in purchases of Russian wheat. Thus, 695 thousand tons were sent to Turkey this month, which is 38.5% less than a year ago. Shipments to Egypt decreased ...
Source: Interfax
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