Since the beginning of the month, Russia has increased wheat exports by 27%

Wheat

Grains, Cereal & Legumes

Russia

Market & Price Trends

Published Sep 21, 2023

Tridge summary

Russia has seen an increase in its wheat exports in September, with a 27% growth compared to the same period last year. The high quality and protein content of Russian wheat has attracted importers, despite prices becoming closer to those of its competitors. Egypt remains the largest importer of Russian wheat, but its purchases have decreased by 9% due to increased prices, while other countries such as Iran and Indonesia have also seen declines in their wheat imports.

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 September 1 to September 18, Russia exported 3.3 million tons of wheat, or 27 percent more than in the same period last year. Interfax reports this with reference to the head of the analytical department of the Russian Grain Union, Elena Tyurina. This crop, as the most important, has traditionally occupied the bulk of supplies. Another reason is that importers are attracted by its high quality. The protein content of Russian wheat is 12.5 percent, which is an excellent indicator. Total grain exports increased to almost 3.7 million tons, or by 20.5 percent. At the same time, corn exports increased the most - almost 1.7 times, although the overall result was insignificant - 24,300 tons. Barley shipments decreased by 17 percent or to 374,000 tons. Russia strengthens global leadership in the wheat market – Bloomberg Among specific countries, Egypt became the largest importer of wheat. Previously, he purchased crops from our country not only due to the above-mentioned quality, but ...

Source: Rosng