Russia's grain export potential by February 15 may be less than the approved quota

Grains, Cereal & Legumes

Russia

Regulation & Compliances

Market & Price Trends

Published Jan 13, 2024

Tridge summary

Between July and December, Russia shipped 37.25 million tons of main grain crops, which was 10.6% more than the previous season, and may fall short of the established export quota by February 15. There was an increase in exports in particular for crops such as wheat, barley, and corn, with significant growth in shipments of durum wheat and peas. While the number of countries buying Russian milling wheat has increased, there has also been a reduction in wheat shipments to main buyers like Egypt and Turkey.

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

Moscow. January 12. INTERFAX.RU - In July-December, the Russian Federation realized almost 60% of its annual grain export potential and by February 15 may arrive with a volume less than the established export quota (will be valid from February 15 to June 30, 2024), says the director of the analytical department of the Russian Federation. Grain Union Elena Tyurina. As Tyurina told Interfax, in the first half of the current agricultural year (July-December 2023), the Russian Federation shipped 37 million 250 thousand tons of main grain crops abroad, which is 10.6% more than in the first half of the previous season (33, 7 million tons). In particular, wheat shipments increased by 2.8%, to 29.7 million tons against 28.9 million tons a year earlier, barley - by 34%, to 4.7 million tons versus 3.5 million tons, corn - by 2 ,3 times, up to 2 million 727 thousand tons versus 1 million 180 thousand tons, respectively. “Exports of durum wheat and peas showed significant growth. Thus, ...

Source: Interfax