Main points
- Russia significantly increased grain exports in March, supplying 3.5 million tons, three times more than in the same period last year.
- The largest importers of Russian wheat remain Egypt and Turkey, which have significantly increased purchases, and new destinations have become Tanzania, Algeria, and Oman.
Russia exports grain / Photo Unsplash
Russia sharply increased exports of wheat and other grains in March, as demand from importers surged amid fears of shortages on global markets.
Russian suppliers are increasing grain exports
Russia significantly increased its grain exports between March 1 and 20, hostile media reports. Wheat shipments reached 3.1 million tons, which is 2.7 times more than in the same period last year.
According to the Russians, total grain exports during this time amounted to about 3.5 million tons – three times more than in annual terms. The reason for the growth was active demand from importing countries, which seek to protect themselves from a possible deficit. In particular, supplies of corn increased significantly – to 251 thousand tons compared to 11 thousand tons last year, as well as barley – to 134.3 thousand tons.
Please note! Russian wheat was purchased by 26 countries during this period. Traditional markets remain the largest buyers: Egypt increased imports by 3.7 times, to 695 thousand tons, Turkey – by 3.4 times, to 314 thousand tons.
Active deliveries were also made to Israel, Sudan, and new destinations included Tanzania, Algeria, Sri Lanka, and Oman. Corn was mainly supplied to Iran and Turkey, while barley was also imported from these same countries.
Important! Experts predict that by the end of March, total grain exports from Russia may exceed the average figures of recent years and approach record values.
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