Russia. Exports by ship and logistics forecast for 2024/25 MY
UkrAgroConsult
Article author:
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).
Full version of the article is available to subscribers of ‘BLACK SEA & DANUBE GRAIN’ Weekly Report by UkrAgroConsult.
Request a free a sample report and apply for subscription here.
Be confident with your business and trade strategy based on professional analysis and forecasts of the Black Sea agri market.
Read also
Coming Up in UkrAgroConsult Reports: Key Market Signals
Corn prices in Turkey surge as Ukrainian supplies decline
Argentina resumes grain exports after pilots’ strike ends
Pakistan’s palm oil imports reach a record high
Ukraine should involve the EU and Turkey in talks on restoring grain exports — opi...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon