According to data from Rusagrotrans, approximately 3.7 million tons of wheat will be exported from Russia in January (compared to 4.26 million tons in January 2023).
According to SovEcon's forecast , the wheat production in Russia is expected to reach 92.2 million tons in 2024, which is 0.9 million tons more than the previous estimate.
During the period from January 1 to January 21, grain exports from Russia reached 2.6 million tons, representing a decrease of 24.5% compared to the previous year.
The European Commission has allowed Poland, Hungary, Bulgaria, Romania, and Slovakia to limit the import of agricultural products from Ukraine to stabilize their domestic markets.
According to Strategie Grains' forecast, the soft wheat production in the EU for the 2024/25 season is expected to reach 124.8 million tons. This is 2.1 million tons less than the December estimate but 1.1 million tons more than the production in 2022/23.
During the period of January 1-15, Russia exported 1.7 million tons of grain, including 1.433 million tons of wheat, 171,300 tons of corn, and 95,000 tons of barley.
