News

Since July 1, the Russian Federation has increased grain supplies to EU countries by 2.3 times

Grains, Cereal & Legumes
Russia
Market & Price Trends
Published Dec 5, 2023

Tridge summary

Russian shipments of grains and legumes to EU countries have increased significantly compared to the same period last year, according to the Russian Grain Union. Spain was the largest buyer, accounting for 40% of the shipments, followed by Italy and Belgium. The increase in exports is attributed to the lower price of Russian crops compared to European alternatives.
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

From the beginning of the current agricultural year (from July 1, 2023) to December 1, the Russian Federation shipped 2.23 million tons of grains and legumes to the EU countries, which is 2.3 times more than in the same period last year (968 thousand tons), reported in the monitoring of the Russian Grain Union. As Elena Tyurina, director of the union's analytical department, told Interfax, the main volumes were supplied to five countries. The leader in procurement was Spain, which accounted for 40%. Shipments to this country increased 8.8 times and amounted to 850 thousand tons compared to 96 thousand tons for the same period last season. Italy accounted for 35% - 812 thousand tons versus 105 thousand tons, respectively (an increase of 7.7 times). The top 3 is closed by Belgium with a share of 17% - 198 thousand tons versus 52 thousand tons (an increase of 3.7 times). In fourth place is Greece, which increased purchases by 1.9 times, to 160 thousand tons against 85 thousand tons. ...
Source: Zol
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.