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Russia finishes the season accelerated pace of grain exports
Exports in the new season is expected at a record level of 40.1 million tonnes, analysts write "Sovekon"
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According to official data, exports of major grains (wheat, corn, barley) in may was a record for that month of 2.6 million tonnes, including 1.9 mln tonnes of wheat. A month earlier, grain exports also amounted to 2.6 million tonnes including 2 million tonnes of wheat. For the third consecutive month the export is a record for this time of season pace.

Total for July-may, exported, according to official figures, 33.1 million tons (+3,3% GCG), including 25.7 million tons of wheat (+10%), 4,3 million tons of corn (+6%) and 2.7 million tonnes of barley (-36%).

The main explanation for the high rates of grain exports record volumes of export of wheat to Egypt. According to official figures in Egypt in may, it was shipped to 732 thousand tons in Total in July-may in Egypt delivered 6.6 million tonnes, down 6 million tonnes for the whole of last season. Today, the Egyptian state company GASC holds regular, already the third in June, a tender for the purchase of wheat rusk which is planned to purchase a minimum of 55-60 thousand tons of milling wheat for delivery 25-5 August 2017.

Forecast of the export of all grain and leguminous crops in the current season – a record of 37.1 million tons (36 million tons in 15/16), including 27.6 million tonnes of wheat (25.6 million tonnes), indicates "Sovekon".

Impressive dynamics of exports is expected in the new season. In favor of the active rate of removal high grain stocks, the weakening of the ruble, a good species for a new crop and the strengthening of world prices.

The forecast of grain exports in General in the new season increased from 39.9 million tons to 40.1 million tons, wheat – from 29.2 million tonnes to up to 29.5 million tonnes.

Photo: latifundist.com



Translated by service "Yandex.Translation"
Источники: СовЭкон
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