18-08-2018

Russia. Wheat exports increased 49% in MY 2017/18

In total Russia exported roughly 40.3 MMT of wheat in MY 2017/18, or 49% more than some 27 MMT in MY 2016/17, reports UkrAgroConsult.

Traditionally, the last month of MY 2017/18 saw a slowdown in exports. According to preliminary data of market players, Russia supplied 2.14 MMT of wheat to foreign markets in June 2018 that is 46.8% less than in the previous month. However, this is 67% more than in June 2017.

The range of export destinations of Russian wheat somewhat changed this season. So, Vietnam imported 2.1 MMT of wheat in MY 2017/18 against 124.3 KMT last season.

In addition, a substantial hike happened in exports to Indonesia, which imported 1.47 MMT of wheat in MY 2017/18 against 344 KMT in the previous season. Moreover, Russia boosted wheat supplies to Sudan (up 135% from MY 2016/17) and the EU (up 113%) in MY 2017/18.

According to preliminary information of market sources, 2017/18 grain exports from Russia totaled some 53 MMT that is up 47% from MY 2016/17. Barley shipments increased to 5.8MMT (+98% from MY 2016/17).

Source: UkrAgroConsult

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