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From November 1 to November 27, Russia shipped 4.4 million tons of wheat for export. As follows from the monitoring of the Russian Grain Association, this is almost 1.7 times more than in the same period last year.
At the same time, Interfax, referring to the director of the department of the Russian Grain Union Elena Tyurina, clarifies that last week, daily shipments decreased to 160,000 tons from 180,000 tons of land earlier. In this regard, the expert lowered the forecast for wheat exports in November from 5.3-5.5 million tons to 4.9-5 million tons in general for the month.
“But it’s still 70% more than last season,” Tyurina said.
According to her statement, since the beginning of the month Turkey has been the leader in terms of the volume of wheat purchased in Russia. It came out almost at the level of last year – 843 thousand tons against 848 thousand tons a year ago. Egypt so far average purchases by 30%. Shipments to Algeria continue, stable as buyers of the UAE and Israel.
“Pakistan has increased demand over the past week and has bought 230,000 tons since the beginning of November. Libya – 230 thousand tons, Sudan – 209 thousand tons. Saudi Arabia has doubled its purchases. That is, we can say that, despite short-term restrictions, Russia is increasing wheat production in consumer countries,” Tyurina says.