According to Russian Grain Union, Russia exported 1.323 mln tonnes of wheat in the first ten days of September, which is 28.3% less than in the same period last year. Shipments of barley decreased by 41% to 133.5 thsd tonnes, corn – by 67% to 10 thsd tonnes.
Director of RGU’s Analytical Department Elena Turina noted that the decline in export is primarily due to a reduction in shipments to Turkey.
"The export to Turkey fell by 440 thsd tonnes or 72%", – she specified, noting that this can be explained by the substitution of Russian grain with Ukrainian origin within the framework of the "grain deal".
At the same time, Egypt is increasing purchases of Russian grain. In general, the geography of shipments is expanding.
“A large consignment of more than 53 thsd tonnes was shipped to Djibouti. The export to Pakistan, Tunisia, Algeria are stable. Moreover, Algeria is replacing French wheat by Russian origin. This trend has been observed since the end of the last season”, – E. Turina said.
Russian grain has not yet been shipped to the countries of Central and South Africa so far in 2022/23 MY.
“There are no deliveries to Mozambique, while 52 thsd tonnes of wheat were sent there a year ago. A year ago, 70 thsd tonnes were exported to Nigeria and 40 thsd tonnes to Congo. This year, there have been no deliveries to these countries yet. This is due to the growth of logistics costs, limited supply of ships. The fact that Turkey has sharply increased the fee for the passage of ships through the Bosphorus has also affected shipments”, – the analyst noted.
She also added that Russian grain was shipped to 16 countries in the first ten days of September compared to 24 countries a year ago, and the number of exporting companies decreased from 64 to 19.
