From December 1 to 16, Russian wheat exports increased by 13.5%

Published 2024년 12월 20일

Tridge summary

Russia has experienced a robust growth in wheat exports, with a notable increase in shipments to Saudi Arabia, Egypt, and Bangladesh, replacing Egypt as the primary buyer. Meanwhile, exports to Turkey have seen a decline. Additionally, Russia has seen active demand from Africa and Southeast Asia, with Kenya, Sri Lanka, Mozambique, Sudan, Yemen, Nigeria, and Oman as prominent buyers. However, corn and barley exports have seen a decrease, with Iran emerging as a major buyer for these commodities.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Elena Qiulina, director of the RGU analytical department, said that the export growth was in line with expectations, and importers were interested in buying as much wheat as possible before the implementation of the export quota (from February 15, 2025); demand in Africa and the Southeast was also very active. Russia's corn exports fell to 82,000 tons from December 1 to 16, down from 277,000 tons in the same period last year; barley exports fell to 69,000 tons from 163,000 tons in the same period last year. During this period, Russia shipped 273,000 tons of wheat to Saudi Arabia, compared with zero in the same period last year, which also made Saudi Arabia replace Egypt as the main buyer of Russian wheat; exports to Egypt increased sevenfold to 248,500 tons during the same period, and exports to Bangladesh more than doubled, Reaching 233,600 tons. Kenya ranked fourth, buying 102,000 tons, and had no imports a year ago. Russia's wheat exports to Turkey, which ranked in the top ...
Source: Foodmate

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