During the first two months of 2016/2017 MY, Russia exported 6.58 million tons of grains, down by 4% YoY, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky declared.
Traditionally, in the reporting period wheat formed the basis of Russian grain exports – 5.68 million tons, up by 4.8% YoY.
At the same time, due to lowering of the stocks of old crop corn, the grain shipments decreased from 180 thousand tons in the first two months of last MY, to 43 thousand tons. Also, barley exports dropped from 1.2 million tons to 806 thousand tons, due to the record rates of barley shipments in July-August of 2015, when many traders preferred exporting barley in terms of quite uncertain situation with the export duties on wheat.
Pavensky declared that the forecast of grain exports was at the level of 4.2-4.3 million tons, against 4.18 million tons in the same month last season.
According to the expert, the foreign supplies will grow as new crop grains continue coming to the market. Also, feed wheat shipments should increase mainly to Asian countries. At the same time, in recent years Russia almost did not export feed wheat. (APK-Inform/Business World Magazine)