Russia returned to the top 5 largest grain exporters to the EU
Grains, Cereal & Legumes
Market & Price Trends
Published Dec 3, 2023
Russia has seen a significant increase in grain exports to the EU, reaching a record volume of 180,000 tons since March last year. This is 22 percent higher than in August and ten times higher than the previous year. However, overall trade turnover between the EU and Russia has decreased since the start of the Russian military special operation in Ukraine, leading to expanded sanctions against Russia.
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.
Our country reached this level in September. This is also 22 percent higher than in August and ten times higher than last year. Thus, the Russian Federation became fourth in terms of supply volume. Canada took fifth place with 139 thousand. The reason was the policy to reduce exports due to the drought observed since this spring. The largest exporter was Ukraine with 1.2 million tons, which is one percent more than last month and a quarter less than a year. The leadership of this country is associated with active supplies of products, especially to Eastern Europe. This became possible thanks to the relaxations of the European Commission (hereinafter referred to as Brussels) as support for Independence in military conditions. The overall decline in exports is due to individual restrictions of Eastern European countries, and then of Brussels itself, which entered into an agreement with the latter to ban four Ukrainian grains and oilseeds. A further increase occurred due to the fact ...