News

Since the beginning of April, the Russian Federation has reduced grain shipments for export by 36%

Wheat
Grains, Cereal & Legumes
Russia
Market & Price Trends
Published Apr 23, 2024

Tridge summary

Between April 1 and April 21, Russia experienced a significant 36% decrease in grain exports compared to the same timeframe last year, with wheat exports specifically down by 33.7%. This period also saw a reduction in daily shipments and a decrease in the diversity of receiving countries, from 22 to just 10, although Egypt continues to be the primary recipient. Notably, there were shifts in exports to Iran and Saudi Arabia, alongside a reduction in the number of companies and ports facilitating wheat shipments. Despite these declines in export volumes, the price for Russian wheat has risen, marking a contrast to the global trend where European wheat prices saw a slight increase and American wheat prices decreased.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From April 1 to April 21, the Russian Federation exported 3.142 million tons of grain, which is 36% less than in the same period last year. Including wheat exports decreased by 33.7% to 2.58 million tons. This was reported in the monitoring of the Russian Grain Union. "Exports have been declining for the third week in a row. Thus, from April 15 to April 21, daily shipments of the main types of grain decreased by 40.5 thousand tons and amounted to 118.7 thousand tons, wheat - by 10.8 thousand tons, to 110.8 thousand tons,” Elena Tyurina, director of the union’s analytical department, told Interfax. In total, 831 thousand tons were shipped over the week, compared to 1 million 637 thousand tons for the same period last year. Including 775.4 thousand tons of wheat versus 1 million 284 thousand tons, respectively. 47 thousand tons of corn were exported versus 218 thousand tons. “Even shipments of barley, which grew in previous periods, fell to 8.5 thousand tons last week compared to ...
Source: Zol
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