The Russian Federation has already supplied wheat and soybeans to Egypt and Korea, as in the past year

Published 2021년 2월 3일

Tridge summary

Russia has seen a 20% increase in grain and processing product exports compared to the previous year, reaching 40.9 million tons as of January 28, with the top 10 exports making up 96% of the total. These include wheat, barley, corn, soybeans, and sunflower meal. There has been a notable increase in the export of barley, soybeans, peas, and rapeseed. In response to rising food prices, the Russian government has set a quota for the export of certain grains and introduced an export duty on wheat, soybeans, and products outside the EAEU to supply local processing industries.

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

Original content

"Exports of wheat to Egypt - 6.4 million tons, - exceeded the value of the full 2019-2020 by 3%. Due to the supplies last week, the export of soybeans to the Republic of Korea - 18 thousand tons - exceeded the annual volumes of the full 2019-2020 by 5% ", - the analytical materials say. According to the data of the territorial departments of the Rosselkhoznadzor, on the basis of the issued phytosanitary certificates, from the territory of the Russian Federation as of January 28 (taking into account the movement to the EAEU countries), 40.9 million tons of grain and products of its processing were exported, 20% higher than for a similar date 2019-2020 agricultural year. Top-10 products (it accounts for 39.2 million tons, or 96% in total exports) - wheat (73%), barley (10%), corn (3%), soybeans and sunflower meal (2% each), sunflower, peas, rapeseed, wheat bran, flax seeds (1% each). In particular, as of January 28, supplies of barley increased by 49%, to 4.1 million tons, soybeans ...

Source: Agrovesti