Russia: The number of exporting companies decreased in the global grain market
Russia
Published Sep 23, 2022
Tridge summary
This year, the number of grain exporting companies and buyer countries, countries that contract wheat to Russia, has decreased. About this at the business seminar “Cargo panorama. Transportation of Grain, Mineral and Chemical Fertilizers”, organized by the RZD-Partner magazine, said Elena Tyurina, Director of the Information and Analytical Support Department of the Russian Grain Union.
Original content
“If last year, during this period, grain, primarily wheat, was exported by about 60 companies, today there are about 20, and sometimes about 15-16 companies left on the export market,” the expert says. In addition, if last season the Russian Federation contracted grain for delivery to 90 countries, this season grain is shipped to only 40. “Today, Iran occupies the 1st place in terms of purchases of grains and oilseeds. He overtook Egypt and Turkey. But at the same time, Iran has reduced purchases by 38% since the beginning of the season. At the same time, sales volumes in Egypt are also growing. At the end of last season, after the imposition of sanctions, Egypt began to look for other suppliers of wheat. He addressed both the countries of Latin America and India, which is increasing the volume of exports. But, apparently, without Russian grain, Egypt could not get the necessary volumes. Shipments to Egypt increased by 26%,” says E. Tyurina. According to her, before the sanctions, ...
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.