Russia reduced grain export shipments by 18% from May 1 to May 20

Russia shipped 3.394 million tons of grain for export from May 1 to 20, which is 18% less than in the same period last year, according to the monitoring of the Russian Grain Union.

According to the director of the analytical department Elena Tyurina, wheat shipments decreased by almost 20%, to 2.7 million tons, corn – by 22.5%, to 286 thousand tons, barley – in line with the same period last season – 408 thousand tons.

Egypt became the main buyer of Russian wheat during this period, but shipments fell to 457,000 tons from 590,000 tons a year earlier. Substantially less than last year’s shipments to Turkey – 127.4 thousand tons against 741 thousand tons respectively.

At the same time, shipments to Bangladesh are actively growing – 197 thousand tons against 135 thousand tons a year earlier. Exports to Iran have also resumed their growth.

Tyurina also drew attention to the countries where there were no deliveries of Russian wheat last season during this period. “A serious volume – 118 thousand tons – was supplied to Djibouti, 94 thousand tons – to Syria. Shipments to Kenya increased more than five times, 4.8 times – to the UAE. 77 thousand tons were shipped to these countries,” she said.

According to her, the main buyers of barley are Saudi Arabia and Iran. Shipments to Saudi Arabia increased 6.4 times to almost 140,000 tons, to Iran – 2.2 times to 92,500 tons. “Quite voluminous supplies are going to Kuwait, Morocco, Algeria. More than 30 thousand tons have been delivered to each of these countries,” the expert said.

Iran is also the main buyer of Russian corn. The volume of its supplies corresponds to last year’s – 148 thousand tons. “Shipments to Turkey have slightly decreased, but still remain significant – 113 thousand tons,” she said.

According to Tyurina, 41 companies shipped wheat during this period against 53 a year ago.

Speaking about the price situation on the market, Tyurina said that on the information about the reduction of forecasts for grain harvest in Russia due to frosts there was an increase in prices.

Tags: Russia, export, grain