Russia. Grain stocks in exporting regions still much higher than last year

05.02.2018

According to the Russian State Statistics Service, farming, procurement and processing entities held 45.9 MMT of grain as of January 1, 2018, i.e. 16.3% more than on the same date last year, reports UkrAgroConsult.

The wheat stocks at procurement and processing entities are up 24.4% year-on-year at 14.77 MMT, including 10.47 MMT of milling wheat (up 26.3% from last year).

Barley stocks increased 5.9% to 1.92 MMT, while oat inventories rose by 9.6% to 160 KMT, rye inventories were up 4.9% at 570 KMT and buckwheat up 3.6% at 101 KMT. Corn stocks fell by 27% to 1.32 MMT by early January.

Despite a record fast pace of grain exports from Russia, grain stocks in its exporting regions remain record high. So, roughly 10.08 MMT of grain was available in the Southern federal district as of January 1, 2018 (up 21.1% year-on-year), 12.03 MMT in the Central district (up 12.4%) and 9.29 MMT in the Volga district (up 31.4%).

In addition, grain stocks are higher than last year in the Central federal district (up 12.4% at 12.03 MMT), the Ural district (up 22.6% at 2.79 MMT), the Siberian district (up 14.1% at 6.63 MMT) and the Far East district (up 20.9% at 0.43 MMT). Year-on-year drops in stocks are only registered in the North-Caucasian federal district (down 6.1% at 3.65 MMT) and the North-Western district (down 3.6% at 1.01 MMT).

 

UkrAgroConsult

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