Barley exports from Russia at a five-year low

14.12.2016

Russian barley exports are still at a floor level, reports UkrAgroConsult.  In October 2016, Russia exported the 10-year lowest barley volume of 164.1 KMT.

Altogether, barley exports from the country have totaled roughly 1432.7 KMT this season, or 37% less than in July-October 2015/16 (2258 KMT). So, they are at a five-year low.

According to UkrAgroConsult, Russian barley exports to the world’s key importer – Saudi Arabia – were almost halved in the reporting period (down 47%) to 756 KMT against 1409 KMT at the same time last season.

Simultaneously, despite the overall contraction of barley exports from Russia, a rise is observed in supplies to the EU market. Russian exporters shipped more than 83 KMT of barley to the European Union in the first four months of the current season against 108 KMT for the full season of 2015/16.

Russian barley exports to Lebanon have already exceeded last year’s amount. In addition, Russia began barley deliveries to the Indian market. 2.8 KMT of Russian barley was shipped there in October.

In general, such a slow pace of Russian barley exports this season makes it doubtful that the country will manage to realize its export potential. In the opinion of UkrAgroConsult analysts, Russia’s 2016/17 barley exports are unlikely to exceed last year’s level and may hit a three-year low.

More details on tendencies of Russian barley market are available in the full version of the article “Russia. Paradox in the barley market” by UkrAgroConsult. 

 

UkrAgroConsult

 

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