Russian wheat exports up 4.9% on year at 16.285 mil mt: ministry

17.01.2017

Russian wheat exports in the 2016-17 marketing year from July 1 to January 11 were up 4.9% year on year at 16.285 million mt, Ministry of Agriculture data showed Monday.

Wheat exports from Russia have been slower than expected in the 2016/17 marketing year as farmers have been slow to let go of their stocks on the domestic market due to low prices. However, this year's projected exports are 3.46 million mt higher than last year's.

Russian exporters have now also shipped 2,459 million mt of corn in the current marketing year, 36% higher. Barley exports are at 1.874 million mt, down 43% from the same point last year.


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