RZS: Russia has almost quadrupled its corn exports in four months

Published Nov 2, 2023

Tridge summary

In the first four months of the 2023-2024 agricultural year, Russia significantly increased its corn exports to 1.12 million tons, almost four times higher than the previous season, as it replaced falling Ukrainian exports. Corn exports in October specifically increased by 5.5 times, with the top four importers being Iran, Turkey, Vietnam, and China. Overall, grain exports from Russia have reached 26.5 million tons since July 1, a 32% increase from the same period the previous year, with wheat being the most exported crop. However, October saw a decrease in grain shipments compared to the previous year.

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

Original content

In the first four months of the 2023-2024 agricultural year (started on July 1), Russia sharply increased corn supplies - almost 4 times compared to the last season, to 1.12 million tons, replacing the falling Ukrainian exports, the director of the Russian Grain Analytics Department told RIA Novosti Union (RZS) Elena Tyurina. “Corn exports in the first four months of last season were 292 thousand tons, this year from July to October - 1.12 million, that is, an increase of almost 4 times. Obviously, expectations of a reduction in the potential of corn exports from Ukraine by 30% in this year had an impact season, or 8.5 million tons compared to last season,” Tyurina said. According to RZS, in October, supplies of corn from the Russian Federation for export immediately increased by 5.5 times, to 446 thousand tons. The top four are Iran (7-fold increase, up to 280 thousand tons), Turkey – 4.6 times, up to 84 thousand tons, as well as Vietnam (60 thousand tons) and China (14.4 ...

Source: Zol