Wheat export shipments from Russia increased by 13.5% from December 1 to 16

Published 2024년 12월 17일

Tridge summary

From December 1 to 16, the Russian Federation saw a 13.5% increase in wheat exports compared to the same period last year, shipping 1.765 million tons, as reported by the Russian Grain Union. This surge is attributed to importers' efforts to stock up before the anticipated introduction of an export quota in February 2025, particularly from Africa and Southeast Asia. While wheat exports rose, corn and barley shipments saw a decline. Pea exports experienced a 21% increase. Saudi Arabia, Egypt, Bangladesh, and Kenya were the leading buyers of Russian wheat. The export of grain and leguminous crops transited through 19 ports, a decrease from 23 the previous year. Iran was the leading exporter of corn and the largest buyer of barley.

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Original content

FINMARKET.RU - From December 1 to 16, the Russian Federation shipped 1 million 765 thousand tons of wheat for export, which is 13.5% more than in the same period last year, according to the monitoring of the Russian Grain Union. As Elena Tyurina, director of the analytical department of the union, told Interfax, this is an expected situation. "Importers are interested in buying as much as possible before the introduction of the export quota (from February 15, 2025), in addition, there is very active demand from the countries of Africa and Southeast Asia," she said. According to her data, corn shipments during this period fell to 82 thousand tons from 277 thousand tons a year earlier, barley - to 69 thousand tons from 163 thousand tons, respectively. At the same time, pea exports increased by 21% - to 110 thousand tons against 90 thousand tons last season. Tyurina reported that Saudi Arabia is the leading buyer of Russian wheat, ahead of Egypt. 273 thousand tons were sent to its ...

Source: Oilworld