Russia will reduce wheat exports by 13% in January, stocks will remain at a high level

January 29. FINMARKET.RU - Russia exports about 3.7 million tons of wheat in January this year, compared to 4.26 million tons in January last year. Thus, the reduction will be 13%, the analytical center of Rusagrotrans JSC told Interfax. According to experts, this will help maintain wheat reserves at a high level and increase export volumes in the spring months, when weather conditions will be more favorable for shipment from ports. Referring to Rosstat data, experts reported that wheat reserves in agricultural enterprises as of January 1, 2024 were almost at the level of the record year for this indicator in 2023 - 21.8 million tons versus 22.1 million tons a year ago. At the same time, reserves in the Southern Federal District due to the Krasnodar Territory and Rostov Region are higher than a year ago, by 4.4% and amount to 5.4 million tons. In the North Caucasus District, reserves are 11% lower than last year due to a fall in the harvest in the Stavropol Territory. In other ...