News

Russia reduced grain export shipments by 18% from May 1 to May 20

Published May 22, 2024

Tridge summary

From May 1 to 20, Russia's grain exports fell by 18% compared to the same period last year, totaling 3.394 million tons. Wheat shipments decreased by nearly 20%, corn by 22.5%, while barley remained stable. Egypt was the main buyer of Russian wheat, though shipments to Egypt and Turkey dropped, while exports to Bangladesh, Iran, Djibouti, Syria, Kenya, and the UAE increased. Saudi Arabia and Iran were the main buyers of barley, with significant increases in shipments, and Iran also led in corn purchases. The number of companies shipping wheat decreased, and grain prices rose due to reduced harvest forecasts caused by frosts.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia shipped 3.394 million tons of grain for export from May 1 to 20, which is 18% less than in the same period last year, according to the monitoring of the Russian Grain Union. According to the director of the analytical department Elena Tyurina, wheat shipments decreased by almost 20%, to 2.7 million tons, corn – by 22.5%, to 286 thousand tons, barley – in line with the same period last season – 408 thousand tons. Egypt became the main buyer of Russian wheat during this period, but shipments fell to 457,000 tons from 590,000 tons a year earlier. Substantially less than last year’s shipments to Turkey – 127.4 thousand tons against 741 thousand tons respectively. At the same time, shipments to Bangladesh are actively growing – 197 thousand tons against 135 thousand tons a year earlier. Exports to Iran have also resumed their growth. Tyurina also drew attention to the countries where there were no deliveries of Russian wheat last season during this period. “A serious volume – ...
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