Russia doubled barley exports in MY 2017/18

08.08.2018

According to preliminary data, 2017/18 barley exports from Russia were up 94% year-over-year at a record 5.83 MMT (excluding the Customs Union), reports UkrAgroConsult.

Exports slowed down in June – this is a normal trend for the end of season. Russian barley deliveries to foreign markets (excluding the Customs Union countries) totaled 359.8 KMT in June that is down 43% from May (629.9 KMT) but 54% more than in June 2017.

The country stepped up supplies to almost all major end markets. So, Saudi Arabia imported 2.3 MMT of barley in MY 2017/18, or 86% more than in MY 2016/17. Shipments to Iran were boosted by 183%, to 1.4 MMT. The most significant rises were seen in exports to Turkey (563 KMT against 50 KMT last season) and to Qatar (136.7 KMT against 29 KMT in MY 2016/17).

After a break in MY 2016/17, this season Kuwait imported 157.9 KMT, joining the ranks of major importers of Russian barley.

According to preliminary information of market sources, 2017/18 grain exports from Russia totaled some 53 MMT that is up 47% from MY 2016/17. This included the following:

- wheat – 40.2 MMT (+48% from MY 2016/17),

- barley – 5.83 MMT (+98% from MY 2016/17),

- corn – 5.74 MMT (+10% from MY 2016/17).

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop as well as on crop conditions and progress in harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

 

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