Russia's grain exports to China hit record $125 million in first quarter

Published 2024년 4월 23일

Tridge summary

Between January and March, Russia's wheat exports to China saw a significant increase, nearly 11-fold, reaching $15.8 million, despite a broader 18% decline in China's wheat imports. Australia remained the top wheat supplier to China, although its exports also fell. Notably, China's imports of Russian barley and oats surged, with barley increasing 7.4 times to $60.3 million and oats by 1.7 times to $147 million. Despite not supplying barley in the first quarter, Australia was still the largest barley seller to China for the year. Buckwheat imports from Russia more than doubled, contrasting with a decrease in corn supplies, attributed to higher demand from other Asian countries and increased domestic use in Russia. Overall, China's grain imports dropped by 16%, with Brazil and the United States as the primary suppliers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From January to March this year, Russia's wheat supply increased nearly 11 times to 15.8 million US dollars. Overall, wheat exports to China fell by 18% this year, and Australia remained the largest supplier, but Australia's exports to China also fell from 955 million US dollars to 536 million US dollars. China's purchases of Russian barley increased 7.4 times to 60.3 million US dollars. Australia's total barley supply to China doubled, but it is worth noting that Australia, which has not supplied barley to China in the first quarter of 2023, has become the largest seller of barley this year, surpassing Canada. China's oat imports from Russia from January to March increased 1.7 times to 147 0 million, while buckwheat imports from Russia increased 2.3 times to 20.1 million. The only crop with a decline in supply was corn, which decreased 2.8 times to 13.6 million. At the same time, China's total grain imports fell slightly, only 16%, and Brazil (1.6 billion US dollars) was the main ...

Source: Foodmate