Exports of Russian wheat in March may be reduced by three times
In March, the Russian wheat exports will amount to 1.4-1.8 mln tonnes, which is significantly lower than 4.8 mln tonnes in 2024 and 3.3 mln tonnes on average for five years. This forecast was published by SovEcon.
Thus, the supplies may decrease threefold compared to the previous year due to the negative margin of exporters and the decline in the competitiveness of Russian wheat.
Analysts note that low profitability remains the main obstacle to exports. Currently, the margin of Russian exporters is in the negative zone, while in November it was about $10/t.
Exporters are trying to reduce purchase prices, but farmers are postponing sales. At the same time, several traders temporarily raised prices to quickly buy the necessary volumes of grain to load ships.
Read also
Romania proposes joint NATO command to protect the Black Sea
Drought in India threatens sugar and biofuel production
Record sunseed harvest in Russia threatens to drive down prices in Kazakhstan
Corn drying costs in Ukraine could exceed the value of the grain at current prices
Oilseeds remain the only profitable segment of crop production in Russia
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon