August wheat exports from Russia hit a record high

UkrAgroConsult

A monthly record 5.2 MMT was exported in August (almost three times as much as in July and up 12% from August 2020/21). 7.1 MMT had been exported this season (+1% y-o-y), UkrAgroConsult reports.

As before, the top importer is Turkey, which absorbs 26% of total wheat exports from Russia.

The share of the ‘Others’ category, which consists mostly of shipments to Iran, increases as well – almost 1.2 MMT this season, or 22 times more than a year earlier.

Most buyers increased wheat imports from Russia compared to the same time last year: Turkey (+42%), Nigeria (+28%), Israel (+10%), Saudi Arabia (fivefold), Tanzania (+47%), Kazakhstan (+65%).

The following countries reduced purchases from last season: Egypt (-11%), Azerbaijan (-49%), Kenya (-3%).

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Grain” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!

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UkrAgroConsult

Tags: Israel, Tanzania, Azerbaijan, Kenya, Iran, Russia, Egypt, Kazakhstan, export, Saudi Arabia, wheat