in the new season, Russia exports 39 million tons of wheat — Agroinvestor
USDA Foreign Agricultural Service (FAS USDA) predicts in its May report that wheat exports from Russia in the 2022/23 season are estimated at 39 million tons, excluding Crimea, which is likely to become a global movement in terms of agricultural shipments. Estimated export from the main competitor of Russia – the EU – 36 million tons, Australia – 25 million tons, Canada – 24 million tons. Wheat production in Russia is projected at 80 million tons, which is 6.4% (4.8 million tons) more than last year.
Carryover stocks as of July 1, 2023 are estimated at 11.4 million tons, consumption – 42.2 million tons. FAS USDA, we calculate 10.45 million tons, its production – 41.93 million tons, carryover stocks – 1.56 million tons. Including American analysts believe that in the new agricultural year Russia can export 4.3 million tons of corn. The collection amount is 15.5 million tons, ending stocks – 0.68 million tons, consumption – 10.2 million tons.
The report states that developments in Ukraine are extremely high in relation to the uncertainty of consumption and supply of agricultural products in industry and around the world. “The May review represents the current short-term information on the consequences,” analysts specify.
Director of Analytical Department Russian Grain Association (RZS) Elena Tyurina said “Agro-investor”, that, according to her, wheat production in Russia is 86-87 million tons due to the state of a good winter crop. In addition, according to the Ministry of Agriculture, winter crops have grown by 800,000 hectares compared to last year.
At the end of the season RZS it is expected that the export of wheat will amount to about 35 million tons, by May 10, 33.6 million tons were shipped. “We will export about 1.4 million tons more, taking into account the high number of our partners,” Tyurina said. – In the case of 2021/22, Russia occupies 16.4% of export exports. This is more than in the EU countries.” USDA predicts that in this case, Russia will supply 33 million tons of wheat to foreign markets and maintain world leadership. Analytical Center “SovEcon» the previously calculated forecast for wheat exports from Russia in this case by 0.2 million tons to 34.1 million tons. In the 2022/23 agricultural year, the volume of agricultural exports may increase to 41 million tons, analysts of the center predict.
Tyurin that sales in Russia are quite active for the accounts of partners in the face of Algeria, voters, and Egyptians. A serious increase in imports will come from African countries, Turkey, Uzbekistan, and Yemen. “These are the countries for which the application does not apply. At the end of April, we see stable purchases from Algeria, Iran, Sudan, Mozambique and others, ”she relapsed.
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