Russia: The RZS spoke about record grain exports in August

Grains, Cereal & Legumes

Russia

Published Sep 6, 2023

Tridge summary

Russian grain exporters have achieved a record-breaking month, shipping 7.7 million tons of grain abroad, the highest figure since the 2017-18 agricultural year. Wheat made up the largest portion of shipments, followed by corn and barley. The increase in exports was driven by intensified supplies to Latin American countries and Africa, with Egypt being the leading importer. Additionally, there is currently a shortage of ships for grain transportation, resulting in higher grain prices in Russia compared to competitors.

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Original content

Over the past month, Russian grain exporters shipped a record 7.7 million tons abroad. Interfax reports this with reference to data from the head of the analytical department at the Russian Grain Union (RGU) Elena Tyurina. She explained that the figure was the highest since the 2017-18 agricultural year (for grain it changes every July), when the previous record was set, and also the highest overall in history for August, regardless of the season. In particular, in August 2021, only 7.2 were shipped abroad. At the same time, the expert clarified that the current indicator takes into account all three main crops - wheat, corn and barley. Supplies of the first of them traditionally accounted for the largest part - 6.5 million, or 36.6 percent higher than the last agricultural season. Corn ranked second overall, but led the way in growth, at 212,000 tons, or 88 percent more. Shipments of the latter crop increased by seven percent from last season to almost a million tons. Agroexport ...

Source: Rosng