In August, grain exports rose by about 27%. From August 1 to August 27, about 6.4 million tons of grain were sent abroad, according to the Russian Grain Union.
At the same time, the increase in supplies affected almost all grain areas.
For example, supplies of wheat increased by 29%, barley — by 15%, corn — by 1.6 times.
Who buys Russian grain today?
According to experts, the total number of states that purchase grain from the Russian Federation has not changed compared to last year.
For example, Egypt is becoming an increasingly serious buyer, which is already holding tenders for the purchase of Russian grain.
True, the volume of purchases from Egypt has recently decreased, experts attribute this to a temporary drop in demand.
At the same time, deliveries to Turkey remain at a high level, despite the fact that they also sank by 40% — they are probably waiting for cheap wheat from Ukraine.
But many African countries are rapidly increasing the volume of exports of agricultural products from the Russian Federation.
For example, Algeria is rapidly replacing French wheat with Russian, which suits it much better both in terms of quality and price. Deliveries there increased by 9 times.
Exports to Kenya grew 6 times, to Sudan — 2.5 times.
Russian grain is also actively sent to Yemen, Tunisia, Mozambique, Eritrea, and Tanzania. In addition, there are deliveries to the American continent: Brazil, Mexico, Peru, Bangladesh.
What are the prospects for Russian exporters?
On the one hand, the exit from the grain deal did them good: Ukrainian grain no longer enters the market at dumping prices, as a result, quotes immediately began to grow.
More importantly, now Russian exporters do not need to offer buyers a discount to draw attention to their product.
However, the export duty significantly worsens the condition of Russian farmers, and due to the weakening of the ruble, it is only growing.
Nevertheless, at present, Russian grain has risen in price by about $10 in August: from $240 per ton to $250. And this does not interfere with high sales rates.
According to Sovecon, in August contracts for wheat were signed for 5 million tons, while a year ago this figure was only 1 million tons.
But, according to experts, prices are now likely to go down, as they will be pressured by the grain of the new crop.
This time, Russia managed to collect about 140 million tons. Although this is less than last year’s record, it is also a very significant figure, opening up wide opportunities for export.
