Russia sharply intensified the export of grain in the second half of July

Published 2021년 7월 22일

Tridge summary

Russia has increased its grain exports in the second half of July, with over 217 thousand tons shipped in the last week, including wheat and barley. The total grain export for the first half of July reached almost 2 million tons. The increase in exports is due to growing demand, particularly from the Black Sea region and Africa. The price of Russian wheat is becoming more competitive compared to that from the EU. The Grain Union forecasts a grain harvest of 129.5-130 million tons and exports of 50-50.5 million tons for the upcoming agricultural year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the second half of July, Russia sharply stepped up grain exports, and the profitability of supplies is growing. This follows from the monitoring of the analytical department of the Russian Grain Union. "Export has sharply intensified. If from July 1 to 15, an average of 60 thousand tons of grain per day was shipped abroad, including 43 thousand tons of wheat, then over the last week the shipments increased to 217 thousand tons, including wheat - more than four times, barley - 2.5 times ", - the director of the department Elena Tyurina told Interfax. According to her, in the first two decades (by July 22), grain exports amounted to almost 2 million tons, including 1.532 thousand tons of wheat, 349 thousand tons of barley and 94 thousand tons of corn. She estimates the July results for the export of wheat at 2.5 million tons, total grain - at 3.1-3.2 million tons. "This is less than in July 2020, when 4.1 million tons were exported, the decrease will be mainly due to wheat, which ...
Source: Zol

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
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.