The US department of agriculture kept the forecast for wheat exports from Russia during the new year holidays, agricultural shipments doubled
Russia
Published Jan 14, 2023
Tridge summary
The US Department of Agriculture in the January report retained its December estimates for the Russian grain market. Thus, the forecast for the export of wheat, excluding Crimea, in the current agricultural year, as in December, is 43 million tons. The forecast for wheat production has also not changed and amounts to 91 million tons. The estimate of wheat exports for the closest competitor, the EU, has been increased by 0.5 million tons up to 36.5 million tons. The export potential of feed grain from Russia is estimated at 8.95 million tons, its harvest - 41 million tons. Including the forecast for harvesting corn is 14 million tons, exports - 3.3 million tons Department of the Russian Grain Union, Elena Tyurina, told Agroinvestor that from January 1 to January 8, the volume of wheat exports from Russia doubled to 963 thousand tons against 480 thousand tons for the same period in 2022. According to her, the demand for Russian wheat during the New Year holidays remained at a high level, daily shipments amounted to 120 thousand tons, against 60 thousand tons in the same period last year.
Original content
The US Department of Agriculture in the January report retained its December estimates for the Russian grain market. Thus, the forecast for the export of wheat excluding Crimea in the current agricultural year, as in December, is 43 million tons. The forecast for wheat production has also not changed and amounts to 91 million tons. The estimate of wheat exports for the closest competitor, the EU, has been increased by 0.5 million tons up to 36.5 million tons. The export potential of feed grain from Russia is estimated at 8.95 million tons, its harvest is 41 million tons. Including the forecast for harvesting corn is 14 million tons, exports - 3.3 million tons. Elena Tyurina, Director of the Analytical Department of the Russian Grain Union, told Agroinvestor that from January 1 to January 8, the volume of wheat exports from Russia doubled to 963 thousand tons against 480 thousand tons for the same period in 2022. According to her, the demand for Russian wheat during the New Year ...
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