Wheat exports from Russia from November 1 to 20 increased by 27% and exceeded 3 million tons

Published 2024년 11월 21일

Tridge summary

Russia has seen a 27% increase in wheat exports from November 1 to 20 compared to the previous year, totaling 3.165 million tons, as reported by the Russian Grain Union. Wheat shipments have risen for the second month in a row, while exports of barley and corn have decreased. The majority of grain exports, amounting to 3.439 million tons, a 3.8% increase from last year, were shipped to Egypt, Morocco, and other African and Asian countries. However, exports to Turkey have decreased. Despite a slight decrease in the price discount of Russian wheat compared to European wheat due to a decrease in EU offer prices, the growth in shipments is expected to continue.

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

Original content

Moscow. November 21. INTERFAX.RU - Russia shipped 3.165 million tons of wheat for export from November 1 to 20, which is 27% more than a year earlier, according to monitoring by the Russian Grain Union. As Elena Tyurina, director of the union's analytical department, told Interfax, wheat shipments have been growing for the second month in a row. At the same time, exports of other grain crops have sharply decreased. Thus, 177 thousand tons of barley were shipped against 383 thousand tons a year earlier, and 97 thousand tons of corn against 443 thousand tons. In total, exports of the main types of grain amounted to 3.439 million tons, which is 3.8% more than a year ago. "As expected, shipments to Egypt are growing, as tenders for the supply of Russian wheat in November were won. In the first 20 days of November, they grew 3.3 times - to 549 thousand tons against 166 thousand tons a year earlier," the expert said. - Separately, it is worth noting the significant growth in shipments ...

Source: Interfax