Wheat exports from Russia up 41%

12.07.2018

In July-May 2017/18, wheat exports from Russia totaled roughly 38 MMT. This is already 41% more than in the whole of MY 2016/17, when some 27 MMT was shipped abroad, reports UkrAgroConsult.

According to preliminary data, Russia exported 3.9 MMT of wheat in May 2018 that is 19.3% more than in the previous month and up 103% from May 2017.

Some changes in the range of key export destinations for Russian wheat have happened this season. Vietnam recorded the greatest gain at the time. The country imported 1.96 MMT of wheat in July-May 2017/18 against 124.3 KMT in the whole of MY 2016/17. As a reminder, Russia has outstripped this season such major traditional suppliers to the Vietnamese market as the EU, Australia and Argentina.

On the other hand, July-May 2017/18 purchases by Yemen, which was one of the most active buyers of Russian wheat in MY 2016/17, were down 2% on the year at 1.21 MMT.

However, owing to this season’s record exports, supplies to most importers of Russian wheat generally followed an upward trend.

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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