Russia continue to lead in wheat and grains exports – summary of the London Grains Week

10-14 June 2019 London Grains Week were combined the number of events dedicated to the development of the world grain market including the 49th session of the International Grains Council (IGC) (https://www.igc.int/ru), International Grains Conference (https://www.igc.int/en/conference/), as well as the annual meeting of the Grain and Feed Trade Association (GAFTA) (https://www.gafta.com/). Russian Trade Delegation in the UK traditionally represents Russia at the IGC meetings. The FSI Centre for Grain Quality Assurance (which is part of the Rosselkhoznadzor) Director Ms. Yulia Koroleva took also part in the 49th session of the Council and the International Grains Conference as a speaker.

At the presentation “Main wheat export trends. Leadership of Russia” Ms. Koroleva demonstrated to the participants of the Conference the main trends and achievements on the export of Russian wheat, comparing the main Russian export indicators with those of other grain exporters presenting the example of wheat, and also made a forecast estimates for the upcoming 2019/20 agricultural year.

According to the results of a record high harvest in 2017/18 Russia ranked first in wheat exports, with a volume of 41.1 million tons (23% of world wheat exports). Despite insignificant decline in Russian wheat exports, Russia remains the leading country in this field. As an example, wheat exports expected to be 37.0 million tons in 2018/19 (21% of world wheat exports). According to forecast estimates for 2019/20 Russian export of wheat expected to be not less than 37.0 million tons.

Among the main countries of importers of Russian wheat are Egypt, Turkey, Vietnam, Sudan and Nigeria. Meanwhile, Ms. Koroleva noted that Russia is the leading exporter in 7 of the 10 major wheat importing countries, including Egypt, Turkey, Bangladesh, Nigeria, Sudan, Yemen and Vietnam.
As for main grains exports (wheat, barley, corn, rye, oats) Russia takes the 4th place in the world with a share of 12% of the world total (Russian grains exports in 2018/19 are 42,2 million tons).

As a member of the Grain and Feed Trade Association Director of the FSI Centre for Grain Quality Assurance Ms. Koroleva also took part in the official annual GAFTA meeting in London.

Tagged , , . Bookmark the permalink.

Comments are closed.