Russia. Wheat exports increased 49% in MY 2017/18

16.08.2018

In total Russia exported roughly 40.3 MMT of wheat in MY 2017/18, or 49% more than some 27 MMT in MY 2016/17, reports UkrAgroConsult.

Traditionally, the last month of MY 2017/18 saw a slowdown in exports. According to preliminary data of market players, Russia supplied 2.14 MMT of wheat to foreign markets in June 2018 that is 46.8% less than in the previous month. However, this is 67% more than in June 2017.

The range of export destinations of Russian wheat somewhat changed this season. So, Vietnam imported 2.1 MMT of wheat in MY 2017/18 against 124.3 KMT last season. 

In addition, a substantial hike happened in exports to Indonesia, which imported 1.47 MMT of wheat in MY 2017/18 against 344 KMT in the previous season. Moreover, Russia boosted wheat supplies to Sudan (up 135% from MY 2016/17) and the EU (up 113%) in MY 2017/18.

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. Barley shipments increased to 5.8MMT (+98% from MY 2016/17).

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior 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.

 

UkrAgroConsult

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