Iran absorbed roughly one-fourth of total Russian wheat exports
2.8 MMT of Russian wheat was exported in October. This is 45% lower compared to September and -39% from October 2020/21. Exports since the beginning of the season had totaled almost 15 MMT (-10% y-o-y), UkrAgroConsult reports.
Four months into the current grain marketing year, Iran remained the top buyer of Russian wheat (the country is reported under the category “Others”). Its share in wheat exports from Russia approximated 25%.
Many traditional importers reduced wheat purchases from Russia compared to the same period last year: Turkey (-1%), Egypt (-44%), Azerbaijan (-26%), Bangladesh (-73%), Israel (-13%).
The exceptions are the following: Nigeria (+2% y-o-y), Kazakhstan (+31%), Saudi Arabia (up nine fold from a year earlier), Iran (up 13-fold).
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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