News

Thanks to low prices, Russia has increased grain supplies to the EU by 2.3 times since July 1

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

Tridge summary

Russia has significantly increased its shipments of grain and leguminous crops to EU countries, with a total of 2.23 million tons exported from July to December, which is more than double the amount for the same period last year. Spain was the largest buyer, accounting for 40% of the shipments, followed by Italy at 35% and Belgium at 17%. 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

russia shipped 2.23 million tons of grain and leguminous crops to EU countries from the beginning of the current agricultural year (from July 1, 2023) to December 1, which is 2.3 times more than for the same period last year (968 thousand tons), according to the monitoring of the Russian Grain Union. According to Elena Tyurina, director of the analytical department of the Union, the main volumes were supplied to five countries. The leader in purchases was Spain, which accounted for 40%. Shipments to this country increased 8.8 times and amounted to 850 thousand tons against 96 thousand tons for the same period last season. Italy accounted for 35% – 812 thousand tons vs. 105 thousand tons respectively (7.7 times growth). Top 3 is Belgium with the share of 17% – 198 thousand tons vs. 52 thousand tons (3.7 times growth). In fourth place is Greece, which increased purchases 1.9 times, up to 160 thousand tons against 85 thousand tons. Latvia follows. But shipments to this country fell ...
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