Russian wheat exports up from last year

03.01.2017

At last, in the fifth month of the current season, Russian wheat exports outpaced last year’s shipments. Russia exported 2851.6 KMT of wheat in November 2016 that is 46% more than 1955.6 KMT in November 2015. This jump in November’s exports results from expanding high-quality wheat supply in the domestic market and enabled exporters to somewhat catch up.

However, according to market participants, December’s shipments were already not so impressive and turned down again. Quite probably, the results of the first half-year will anyway show a lag in Russian wheat exports behind last year.

Full version of the article is available to subscribers for weekly market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.

 

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