Russia. Exports by ship and logistics forecast for 2024/25 MY

UkrAgroConsult

Article author:

Maksym Kharchenko

Freight Market Analyst

In 2023/24 MY, Russia exported 73.3 M mt of agricultural commodities via seaports. The average monthly export rate amounted to 6.1 M mt, record monthly shipments were  7.1 M mt in April 2024.

Wheat was the main export commodity. What is more interesting, in 2023/24 MY for the first time Russia became the world’s No. 1 barley exporter, surpassing the EU and Australia.

TOP wheat exporters, 2023/24 season

• Grain Gates Company (established in 2022);
• Trade House RIF
• Aston Company

The total share of the first three exporters amounted to 41%. The export shares by companies were redistributed starting from 2022 and it seems that it was influenced by domestic political factors.

TOP importers of Russian agricultural commodities 

• Turkey,
• Egypt,
• Iran,
• Saudi Arabia.

Russia mainly supplied grain to the countries of the Middle East and North Africa, with a relatively small share of long-distance exports to China, Indonesia and Bangladesh (up to 10% of total exports).

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Tags: Russia, logistics