Russia to export more than 34 mln tonnes of wheat in 2021/22 MY – forecast




SovEcon raised its forecast of Russian wheat export for 2021/22 MY by 0.2 mln tonnes to 34.1 mln tonnes, informed Refinitiv.

“After a weak export pace in the first half of November, exporters speeded up shipments, as the competitiveness of Russian wheat improved on the world market along with a rise of the global prices and ahead of the coming export quota on wheat for a period from February 15 to June 30, 2022”, – SovEcon said.

Besides, a preliminary estimation shows that Russia exported about 3.9 mln tonnes of wheat in December that is the highest December volume since 2017.