4-Russia Expects To Export Record Amounts Of Grain

1. Russia Expects To Export Record Amounts Of Grai Russia Expects To Export Record Amounts Of Grain n Russia is forecasting to export more than 65 million tonnes (mt) of grain during the 2023–24 marketing season, having harvested almost 98% of its harvest, was reported. Tradologie.com is a next-generation, globally verified, transaction-oriented SaaS platform for B2B commodities that links bulk buyers and bulk sellers of commodities, primarily branded food and agro- commodities. Wheat producers and wheat sellers can easily get the best price here if they sell wheat in bulk while buyers can buy wheat in bulk from vendors across the globe. There are no middlemen involved and the platform facilitates the entire process. Russia’s Wheat Output Russia’s Wheat Output It was reported, Russian Agriculture Minister Dmitry Patrushev announced on November 28 that more than 151 mt of grain in bunker weight, including nearly 99 mt of wheat, had been threshed. According to Patrushev, this implies that Russia will have its second-largest harvest in 2023, enabling it to export record amounts of grain to its international allies. Russia exported roughly 60 metric tons of grain in the previous year. Russia announced earlier this month that it had begun sending up to 200,000 tonnes of grain for free to six African nations. Following Russia's withdrawal from the Black Sea Grain Initiative, President Vladimir Putin made a commitment to make the deliveries during a summit with African leaders during July. The initiative made grain export possible after the conflict in February 2022.

2. It was also reported, Agritel, Argus's agriculture analytics division, Russian wheat production might reach 90 mt in 2024—a third consecutive bumper harvest brought on by an advantageous autumn sowing season. In 2024–2025, the harvest outlook, when combined with stocks, would maintain the total Russian wheat supply above 100 mt for a third consecutive season, according to a note from Agritel. After harvesting a record crop in 2022, Russia—the world's largest wheat exporter—is predicted to produce its second-largest crop this year. Agritel, which excludes Crimea and other annexed regions of Ukraine from its Russia forecasts, projected a 96.5 mt crop in 2022 and an 89.6 mt crop in 2023. The initial crop projection for next year included 65.8 mt of winter wheat and 24.2 mt of spring wheat, which is mostly sown in April. If you are a wheat importer wishing to buy wheat in bulk or a wheat exporter willing to export bulk wheat, then Tradologie.com is the right platform for you. Tradologie.com facilitates bulk agro-sales and procurement activities from enquiry to delivery, across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities at negotiable rates. The transaction oriented platform has 700,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 100 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.