Russia: The number of exporting companies decreased in the global grain market

Published Sep 22, 2022

Tridge summary

The number of grain exporting companies and buyer countries for Russian grain has decreased this year, with only 20-15 companies left and contracts made with 40 countries compared to 90 last season. Iran has reduced its purchases by 38%, while Egypt's purchases have increased by 26%. Turkey has reduced its purchases by 55%. There is a positive trend in increasing shipments to Saudi Arabia, Israel, and Libya, with Pakistan and Syria also increasing their purchases. However, Russia is not able to supply grain to numerous African countries due to logistics issues and export restrictions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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. “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 ...

Source: Zol