Russia weekly grain shipments remain low, MY hits 33.1 m mt

Russian grain exports reported a slow ramp-up in the week ending January 27, with 1 million mt of grains exported, data from the country's agriculture ministry showed Monday.

Overall, the week's trade took total grain shipments since the start of the marketing year to 33.1 million mt, the data showed.

The country exported 600,000 mt of wheat during the reporting period pushing it to 23.6 million mt of wheat since the start of the new marketing year in July, still down 21% compared with the same period the year before.

As usual, Turkey remained the biggest importer of Russian grain having picked up a total of 7.5 million mt since the start of the year, including 4.6 million tons of wheat.

However, over the last two weeks exports into that destination were at zero for the reporting date.

Egypt was next on the list, as total exports rose to 3.7 million mt of Russian wheat, including another 100,000 mt during the week.

The year-to-date export pace was 42% lower compared with the same period of 2020, according to the ministry’s report.

Kazakhstan's grain imports from Russia have jumped by 66% to hit 1.9 million tons in the 2021/22 marketing year, including 1.6 million tons of wheat, due to a decline in production in the current season.

Barley exports were absent, however, with the total figure left unchanged at 2.7 million mt, down 33% year-on-year.

Corn exports remain stable with another 100,000 mt departing during the reporting week, pushing the total to 1.6 million mt that is 16% ahead of last year’s pace. 

Russian corn exports for January 2022 reached 235,000 mt, which is above the monthly pace in 2021 mainly due to shipments into Southeast Asia.