Since July 1, the Russian Federation has reduced grain exports by 12% to almost 7 million tons

Published 2022년 8월 24일

Tridge summary

From July 1 to August 21 this year, Russia's grain exports saw a 12% decrease compared to the same period last season, with wheat exports dropping by 12% and barley by 11.6%, while corn exports increased by 7.4%. The number of crops exported has decreased from 24 to 10, and the number of buyer countries has also decreased. Egypt, Turkey, and Iran are the main buyers, with the majority of shipments going through offshore transshipment. After the US Department of Agriculture raised its forecast for the Russian wheat harvest, grain prices on the global and domestic markets reacted by lowering.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From July 1 to August 21 this year, Russia shipped 6 million 962 thousand tons of grain for export, which is 12% less than in the same period last season, according to the monitoring of the Russian Grain Union. Elena Tyurina, director of the Union's Analytical Department, told Interfax that shipments of wheat also decreased by 12%, to 5,928,000 tons, barley - by 11.6%, to 797,000 tons. At the same time, shipments of corn increased by 7.4% to 179 thousand tons. According to her, during this period, the trend to reduce the number of crops that are exported has continued. "This season (started on July 1, 2022 - IF) we are exporting 10 main types of crops, while last season in the same period there were 24 of them. So far, oats, rice, durum wheat, rye, seed corn," she explained. The number of buyer countries is also decreasing. “So far, wheat is supplied to 24 countries, although there were 54 last season in the same period,” she said. “There are no purchases yet, for example, from ...
Source: Zol

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