MIL-OSI Russia: Russia has reduced the export of wheat

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MIL OSI Translation. Region: Russian Federation –

11/29/2021

From the beginning of the 2021-2022 agricultural year (from July 1, 2021) to November 25, Russia exported 15.3 million tons of wheat, which is 23.1% less than at the same date last season, according to the monitoring of the Ministry of Agriculture of the Russian Federation.

According to the operational data of the Federal Customs Service (FCS) of the Russian Federation (excluding data on mutual trade with the EAEU states for October and November), in total in the current agricultural year, 18 million tons of grain crops were exported from Russia as of November 25, which is 24.1 % lower than the indicator for the same period last season.

Barley supplies abroad decreased by 34% – to 2 million tons, corn exports – by 14.1%, to 0.6 million tons.

According to the International Grains Council, cited by the Ministry of Agriculture, the price of Russian wheat of the fourth class (12.5% ​​protein, FOB Novorossiysk) as of November 25 amounted to $ 345 per ton, having decreased by $ 2 over the week (by 0.6% ).

According to the Russian Ministry of Agriculture, grain exports in the 2020-2021 agricultural year (from July 1, 2020 to June 30, 2021) could reach 49 million tons, wheat supplies – 37.6 million. Grain exports in the 2021-2022 agricultural year (from July 1, 2021 to June 30, 2022) are estimated at 45-48 million tons. The ministry has not yet given a forecast for the supply of wheat for export.

A source: REC

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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